Third-quarter data for 2009 is misleading, because most of the growth in GDP is only temporary and will cost us the same, or more, in the near future. Economic prognostics should not be based on GDP data, but on sound economic theory.
Posts Tagged ‘product’
Globalization: The Long-Run Big Picture
[This article was originally published on George Reisman's website, under the same title. His book, Capitalism, is available for free on PDF, although it is far more valuable as an addition to your physical library. It can be purchased from the Ludwig von Mises Institute.]
Globalization, in conjunction with its essential prerequisite of respect for [...]
Interesting Graphs on Fiscal Spending and Economic Growth
Here are a collection of graphs showing the relationship between fiscal spending and economic growth. They are from different articles I have read on the internet and from a presentation given by Dan Mitchell, given during Cato University 2009. Although I won’t give a more specific argument against fiscal spending in this post, I am open to comments about it and am willing to reply.
