Published by the Foundation for Economic Education
February 13, 2012 | Subscribe via RSS
FEE updated the Distress Index this morning to reflect the reported increase in GDP during 2009 Q3. As you might imagine the estimated increase of 3.5% in the GDP does not dramatically change our economic situation. GDP is still down -2.3% from a year and many of the gains were driven by unsustainable government stimulus.
Politicians in Alabama and Georgia are cashing in on immigration fears to buy votes, but everyone pays, as Scott Beaulier, Darrick Luke and Daniel Smith explain. Robert Higgs asks if regime uncertainty explains the current malaise. Andrew Morriss marvels at how much better we live than Elvis did. Gary Chartier asks who’s really on the side of the poor and Robert Murphy says the Euro shows how little one can expect from a currency born entirely of government.
Reviewed by Aeon J. Skoble
Reviewed by Lawrence H. White
Reviewed by George C. Leef
Reviewed by Wendy McElroy
by Scott Beaulier
by Andrew P. Morriss
by Gary Chartier
by Richard W. Fulmer
by Peter McAllister
by Robert P. Murphy
by Samuel R. Staley
by John Stossel
by Tyler Watts
by Robert Higgs
by Sheldon Richman
by Sheldon Richman
by Charles W. Baird
by Donald J. Boudreaux
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Comment by Billll on 30 October 2009:
The methodology for calculating the unemployment rate has been “adjusted” repeatedly to make one administration or another look better. If you use the current U-6 number of 17%, the index is driven considerably up. A change in methodology only a few months ago caused a .5 decrease in unemployment even though there was no apparent actual hiring going on.