Knowing that we “treasure what we measure,” understanding the GDP and a shrinking economy is even more important during a pandemic.…
How a Pandemic Produces a Misleading GDP
Because of the huge and sometimes inconsistent impact of Covid-19 on the economy, potentially misleading GDP numbers will need a closer look.…
How the Alphabet Will Describe the Recovery
Called an alphabet recovery, the ABC’s of the GDP trajectory after a massive decline can be illustrated through the letters of the alphabet and a Swoosh.…
How Our Buying Behavior Has Changed
Walmart’s CEO said our buying behavior has shifted during the pandemic. First we cared about toilet paper and sanitizer. Now it’s puzzles, games, hair dye, and beard trimmers. Where are we…
How the 737 MAX Could Change Your Vacation Plans
Because 737 MAX demand from American and other airlines was large, grounding the plane has created huge flight disruptions.…
How the Weather Affects What We Buy
Even influencing the kind of car we decide to buy, weather economics can have a surprising impact on the decisions we make as consumers.…
What a Tax, a Ship, and a Road Can Tell You
Somewhat invisible, time determines whether central bankers and legislators have the accurate statistics that they need for economic policy.…
What the Grocery Store Says About Us
More than a place to buy food, the grocery store says a lot more about the affluence from our GDP and our subjective well-being.…
The $4 Trillion Question
Although quantitative easing flooded the banking system with trillions of dollars, we are still debating how much it lifted the economy.…
Looking at National Wealth Through a New Kind of Lens
Typically we look at our national wealth through a fiscal or GDP lens when we might get a better picture by using a balance sheet.…