…of the price adjusted value of M3 for the same period. The vertical lines indicate when housing peaked in the previous cycles. It is important to repeat Dr. Ferguson’s caution…

…is Q1 of 2001). So the vertical axis shows the cumulative compounded GDP growth to date. For example, GDP is about 9% higher now than when Bush took office. In…

…from Gallup, to which I’ve added a blue vertical line for the Democratic convention and a red one for the Republican convention: If you look closely, if anything, there appears…

…can be vertical or downward-sloping. If the curve is downward-sloping, like the right side of a capital A, then higher inflation would bring the unemployment rate down. But it is…

…uses the left axis. Capital income’s saving rate uses the right axis. (vertical red lines are starts of recessions.) I have adjusted the axes so that the lines come together…

…point, where the natural nominal interest rate crosses the vertical line of the natural level of real GDP. However, if the nominal interest rate stays low, financial repression can develop……

…trend lines. The vertical axis is truncated relative to graph 2, and the downward slope is therefore emphasized. This makes it easier to see that the 1990 peak is considerably…

…at least, you can mentally add a whole lot more unpublished dots to that tall vertical line. At most, you can shift a bunch of those published dots on the…

…productivity increases. That is when the utilization of labor and capital is to the left of the equilibrium point in the model given above. 5. Vertical Shift of Equilibrium Point…

…efficiency wages. It is alleged that increases in the minimum wage have a small to tiny effect on employment. This corresponds to a very steep almost vertical demand curve for…