Farm income rose – but income from selling farm products fell. Were it not for direct farm support, income would’ve fallen.
Category Archives: Uncategorized
In Memory
With the Washington Monument in the background, President-elect Joe Biden with his wife Jill Biden and Vice President-elect Kamala Harris with her husband Doug Emhoff listen as Yolanda Adams sings “Hallelujah” during a COVID-19 memorial, with lights placed around the Lincoln Memorial Reflecting Pool, Tuesday, Jan. 19, 2021, in Washington. (AP Photo/Evan Vucci)
Source: NPR
Economic Report of the President, 2021
Observations on “Censorship”
An Econbrowser reader, defending the use of the term “China virus” instead of the Covid-19 term, writes:
The Year in Review, 2020: Hanging on for Dear Life (and Rational Policymaking)
I remember once seeing a book on a used bookstore shelf in Washington DC (Second Story Books?) years ago entitled “Great Public Policy Disasters” or something like that. Over this year, I’ve been thinking that one could write an entire book series entitled “Great Public Policy Disasters of 2020” . With that in mind, here’s the year in review:
“In Memory of Richard Cooper”
By Jeffrey Frankel, December 24, 2020.
Business Cycle Indicators as of December 23
Key indicators tracked by NBER Business Cycle Dating Committee (BCDC) show mixed behavior; income (ex-transfers) declines. So too does consumption.
Quick Primer on Stock Market vs. GDP
The stock market booms while GDP staggers along. Why?
MV = PQ?
Tautologically, yes; maybe not so much if V (velocity) is constant.
Inflation Looming?
The Economist says unlikely. Surveys and market expectations concur.