Unfortunately FRED has four different somewhat-overlapping data series that must be combined to get the full, long-run picture of the unemployment rate from 1929 to the present. The first data series in light green is undoubtably the least accurate of…
Blog Archives
New Monetarism as a third way beyond Hayek vs. Keynes?
David Glasner is a conservative economist who greatly admires Hayek and even thinks that Hayek’s macroeconomic theories have some merit even if they are weaker than many other theories. He is part of a small band of conservative economists that is…
Posted in Macro
House prices are crazy overvalued in Canada too
Canada is experiencing the hydrogen zeppelin of all real estate bubbles. It makes the 2008 US housing crisis look like a birthday balloon by comparison.
Now is the best time for Americans to list a house for sale
According to data from the National Association of Realtors, US housing prices are higher now than they have been in six years and more of them are selling at the asking price or above. Furthermore, early summer is the best…
Posted in Macro
House prices are a bit high in the US and crazy overvalued in New Zealand
New Zealand is experiencing the hydrogen zeppelin of all real estate bubbles. It makes the 2008 US housing crisis look like a birthday balloon by comparison.
Robin Hood and broken window facts and fallacies
Note: This is an update of two previous posts. The broken window ‘fallacy’ is an enduring parable invented by Frédéric Bastiat in 1850, and popularized in English by Henry Hazlitt (chapter 2) in his attempt to combat the dominance of…
Posted in Macro
Why tariffs won’t boost the economy like Trump thinks
Trump tweeted We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with…
Posted in Globalization & International, Macro
Medianism 