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  • U.S. job growth 2014
    U.S. Unemployment rate in black and white
    America’s recent unemployment data has not exactly been the easiest to interpret: While the unemployment rate sank nearly half a percentage point to 6.3 percent in April, the reality on the ground does indicate that the American economy is...
  • Larry Summers will not be Fed chairman, a post that was almost his destiny
    Larry Summers will not be Fed chairman, a post that was almost his destiny
    Ever since Lawrence H. Summers made the list of potential candidates to replace outgoing Fed Chairman Bernanke there has been a cascade of reports in the media about those who would oppose his nomination. Various grounds for the opposition...
  • The weekly jobless claims fall without much fanfare
    The weekly jobless claims fall without much fanfare
    Yesterday, the reported U.S. weekly initial jobless claims number did not deviate far from what economists had predicted. According to the U.S. Labor Department, on a seasonally adjusted basis, 346,000 individuals filed for initial state...
  • Anti-austerity protest in Greece
    U.S. economy sinking back into recession?
    While the Obama administration is out touting that unemployment grew at a slower rate, i.e. the number of new applications for unemployment benefits were less than anticipated, a much gloomier set of economic figures came out that signals the U.S....
  • Economist Peter Boettke
    GMU economist Peter Boettke asserts the ‘dismal science’ can be 'entertaining'
    When English historian Thomas Carlyle bestowed the derogatory term “the dismal science” on economics in 1849, he could hardly have expected to have influenced people’s attitudes about the discipline for the next century and a...
  • Jobs Ahead
    Watch for jobs ahead: Economy will improve on course say economists
    Economic results are affected by huge costs such as going to war. Government administered and taxpayer funded programs are affected by demographic shifts. Job creation is affected by government policy, laws and regulations as it is by capital...
  • Economists say poor growth may cost Obama re-election as president
    Economists say poor growth may cost Obama re-election as president
    The economy can not seem to pick up enough strength to put the nation on a sustained path to recovery. Unemployment, poverty and homelessness have remained at catastrophically high levels for years. Now economists are predicting this may cost...
  • Large group of economists sign and submit letter backing capital control
    Large group of economists sign and submit letter backing capital control
    What are capital controls? Capital controls are limitations a nation makes on its currency and capital for both foreign and domestic owners. It can range from restrictions made to citizens which will not allow them to send or store money outside...
  • Economist
    Tax cuts lower wages
    Economists and meteorologists have the greatest jobs in the world, because neither are held accountable for some of the nonsense that comes out of their mouths. On top of that, they get paid quite well. The next time you hear someone bashing a...