As Americans go to the polls, economics is likely on the mind of virtually every voter. It was only four short years ago that the U.S. economy nearly fell into the type of deflationary spiral that created the tragic early years of the 1930s.
The manufacturing sector is showing resiliency as new orders for manufactured goods increased by 9.9 percent in September, reversing a 13.1 percent decline in August according the latest report by the Census Bureau.
An interesting article by Justin Rao and David Reiley in the latest Journal of Economic Perspectives examines the economics of spam.* Those who have never had to deal with spam advertising pharmaceuticals or Rolex watches, or seeking to bestow a free gift probably do not have an email account.
The significant decline in the unemployment rate, from 8.1 to 7.8 percent, is certainly the big story in the September jobs report. It happened in spite of a sizable increase in the labor force, the first in three months, and a modes
Ernie Preeg’s new e-book, The Decline and Fall of Bretton Woods?, examines the rules-based international economic system – the Bretton Woods system -- in the historical context of a half-century of success in bringing d