Posts Tagged ‘ GDP ’

Can We Quantify the Economic Contribution of the Internet?

Mar 23rd, 2012 | By | Category: Economics, Featured
How much does the Internet contribute to our economic life? A lot, yes. But what if we tried to put a number on it? We love numbers, right? We imagine that we can slice and dice the world and look at everything on a spreadsheet, click a button and make it ...read more

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Posted in Economics, Featured | No Comments »


Why Bother Working?

Sep 8th, 2011 | By | Category: Economics
What Robert Reich and people like him are saying is that working in productive employment is not at all necessary. To follow his logic to the fullest extent, we should just have people save gas and stay home. The government could borrow and/or print money, then send it to foreign ...read more

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Posted in Economics | 4 comments


GDP’s Debt to Credit

Sep 23rd, 2009 | By | Category: Featured, Macro Economics
The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next ...read more

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Posted in Featured, Macro Economics | 16 comments


BRIC Nations Getting Bolder

Jun 25th, 2009 | By | Category: Currencies, Featured
The BRIC countries (Brazil, Russia, India, China) had a much-ballyhooed meeting to discuss global economics and shake their fists at the U.S. powers that be for crushing their U.S. investments. We have commented on their plans and purposes on numerous occasions. Now that the meeting has come and gone, let's take ...read more

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Posted in Currencies, Featured | 5 comments


Unlimited Economic Growth: What Is the Economy?

Feb 11th, 2009 | By | Category: Featured, Macro Economics
We routinely talk about "the economy" as if it were a self-evident concept. We say "the economy is growing" and "the economy is in bad shape," without really discussing what it is exactly that we're referring to. There are three measures we use more or less interchangeably when we discuss ...read more

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Posted in Featured, Macro Economics | 6 comments