Macroeconomic Measurement

February 6, 2018

Searching For an Accurate Statistic

Whether looking at the height of Mount Everest or at the rules of origin that will be renegotiated during the NAFTA talks, we have a statistical accuracy problem.

December 21, 2017

Why We Give The Wrong Gifts

When we receive presents that disappoint us, gift giving creates deadweight loss that diminishes the economic boost from holiday spending.

December 10, 2017

The Economic Yardstick That (We Don’t Know) We Need

Please think GDP for a moment. Reported and revised during each quarter, GDP numbers create a reaction. If the growth rate is high, lawmakers assume their […]