Here’s why I believe that the current high price of oil is not enough to derail the U.S. economic recovery.
Monthly Archives: March 2012
The power of habit
Charles Duhigg has a very interesting new book called The Power of Habit: Why We Do What We Do in Life and Business.
Global Land Sea Anomaly, Global Climate Change, etc.
Since my last post on government spending increase (it’s actually decreasing) was hijacked by those focused on denying the impact of human activity on global climate, I thought it useful to recap the global land sea anomaly [0]. It’s also useful to recall that on one side is Texas Governor Perry [1], and the other side the National Academy of Sciences [2]. I think that dichotomy speaks volumes.
The “Ever Expanding” Government Illustrated, Part III
Following up on these two previous posts [1] [2], I decided to confront some views commonly held in certain circles with some actual data. To summarize:
- Real government nondefense spending on goods and services is declining, and is declining relative to real GDP.
- The ratio of government outlays to nominal potential GDP is declining.
- Total civilian government employment is declining, and is declining as a share of total nonfarm employment.