The Fiscal Cliff & What it Means for the Economy

The Fiscal Cliff & What it Means for the Economy

Chubby is better! I came back from a great holiday visit with my grandchildren to a pile of depressing newspapers. A “deal” was reached only temporarily avoiding the fiscal cliff. Legislation providing aid to the many victims of Sandy in our region was postponed. However, there was also an article claiming that mortality rates actually [...]

Should you Vote?

Should you Vote?

Years ago, I was driving through New Hampshire admiring the fall foliage. By the roadside was a big hand-written sign nailed to an old barn. The sign read, “Don’t vote! It only encourages them.” I wonder what that sign painter is saying now? I also wonder what some of the “experts” are predicting about the [...]

Is Firm Size Important for Job Formation?

Is Firm Size Important for Job Formation?

It is a very well known “fact”, more like an article of faith, that small firms account for the bulk of U.S. job formation. This belief has been highly instrumental in influencing economic policies towards business at all levels of government. If my memory is accurate, it was David Birch of MIT who first called [...]

Urban Economic Legends

Urban Economic Legends

I really like the “Mythbusters”  TV show, perhaps because the 13-year-old still lurking inside me loves seeing watermelons explode in the interest of science. Anyway, here are several of my favorite urban economic legends, some of which contain a grain of truth. ANY CHARACTER HERE The Social Security Annual COLA Excludes Food and Energy Completely [...]

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