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 [...]

STEALTH INFLATION: The Case of the Missing Sausage

STEALTH INFLATION: The Case of the Missing Sausage

Doesn’t it really annoy you to discover that the manufacturer has reduced the weight of your favorite box of cookies or brand of coffee as a sneaky way of raising the price? This is truly stealth inflation . But is it captured by the government’s official measures such as the Consumer Price Index (CPI)? ANY [...]

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