It would be wrong to say the acronym of the much-disputed TPP (or TPTP) signifies something about tempests and teapots rather than trade and the Pacific. The underlying economic and political issues behind the Trans-Pacific Partnership are legitimate. But rhetoric…
Public sector accounting offers little insight
Government accounting is less complete than in the private sector. That hurts the level of information in public discourse on important issues and the legislative process at both state and federal levels. That is not a new insight, but it…
No, 93M people are not unemployed
There are many unemployed people in our country, but not 93 million. Having worked as an economist for 35 years, I am pretty used to hearing well-intentioned but preposterous statements about the economy. So my jaw should have not dropped…
Many read too much into GDP numbers
One swallow proverbially does not make a summer, and one quarter’s economic growth data, good or bad, do not make a trend. Keep that in mind when reading this past week’s news. The U.S. Commerce Department’s Bureau of Economic Analysis…