The Shrinking Cities Problem

An idyllic mountain village wants you. The town has one shop, a church, houses that have been there forever, and a population that has shrunk to 240. It is located in the Swiss Alps. Albinen’s p…

The Accuracy of the Mashed Potato Index

Mashed Potatoes could be a good way to decide the direction of consumer spending. Where are we going? To consumer spending indices. The Mashed Potato Index (MPI) A pound container of mashed potatoes w…

Blaming the Baby Boomers

Wondering why the economy is sluggish, you can blame the baby boomers for less employment growth, smaller families and longer lives.…

More On Unemployment

These are great graphs! In just a minute or 2, through a series from The Washington Post, you can understand our employment problems. Our starting point is potential output during the past decade. We …

It's Official

We now know when the recession officially ended. But I still wonder whether we are moving along a “V”, a “U”, a “W” or an “L”. According to the National…

Big and Little Worries

1.  Sovereign debt: Contemplating big worries, I could place sovereign debt at the top of the the list. Should we currently be concerned about Greece, Spain and other EU nations with excessive ob…

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