Gas Prices

Have you been paying more for gas? Looking at this map, you can see that gas prices around the country have been rising in most places. Economist James Hamilton suggests that the price of gas is direc…

Consumer spending

In Pursuing Happiness: American Consumers in the Twentieth Century, economist Stanley Lebergott asked us to imagine that automobiles, penicillin, electric washing machines, refrigerators, disposable d…

The GDP and Happiness

Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods a…

A Closer Look At Consumer Spending

We always hear reporters saying that, “Consumer spending makes up more than 70% of the economy…” Mike Mandel, former chief economist at Newsweek, believes the reporters are misleadin…

Frugal Fatigue and Yuan Updates

Re a March 21 post about frugal fatigue… For a fifth straight month, consumer spending is up, meaning perhaps that we are headed for a “V” recovery?   Data from the mo…

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