Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Monday, November 28, 2011
Thursday, November 17, 2011
National Debt Hits $15 Trillion
The Outstanding Public Debt as of 17 Nov 2011 at 03:03:21 PM GMT is:
The estimated population of the United States is 311,689,050so each citizen's share of this debt is $48,254.63.
The National Debt has continued to increase an average of $3.99 billion per day since September 28, 2007!
Wednesday, November 16, 2011
Tuesday, November 15, 2011
Tuesday, November 8, 2011
How Bad is the Unemployment Situation?
If we continue to see sluggish growth with 125,000 payroll jobs added per month (the pace this year), it will take an additional 52 months just to get back to the pre-recession level of payroll employment.
If job growth picks up a little - say to 200,000 payroll jobs per month - it will take an additional 33 months to get back to the pre-recession level.
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