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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
CPI: 3.6%
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The Labor Department reported that U.S. consumer prices decreased 0.1 percent in October, due largely to falling energy prices, and that annual inflation now stands at 3.6 percent, down from a three-year high of 3.9 percent in September.
Tuesday, November 15, 2011
Tuesday, November 8, 2011
How Bad is the Unemployment Situation?
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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.
source
Friday, November 4, 2011
Wednesday, November 2, 2011
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