by wpadmin | Feb 13, 2024 | Uncategorized
The Consumer Price Index (CPI) was first devised in 1914 to tell the government how much faster prices were rising in coastal towns where warships were being built. Theidea was that the government would add to the wages of defense workers in such localitieswhere...
by wpadmin | Jan 17, 2024 | Uncategorized
My first employment out of graduate school at Vanderbilt was with the New Yorkfirm of Kidder, Peabody & Company. The firm brought people in to discuss variouspertinent topics to the training class. For economics we were lectured by a Professor Gamerov. He posed...
by wpadmin | Dec 11, 2023 | Uncategorized
According to the American Institute of Individual Investors (AAII), investors were the mostpessimistic in the last twelve months almost one year ago when the weekly index of pessimism aboutthe future reached 52.3%. It is 19.6% now. This is the lowest reading on...
by wpadmin | Nov 13, 2023 | Uncategorized
In western societies, the concept of government helping the private sector is done infrequently.Except for perhaps support for original research, governments do not in general support specific firmsor industries outside of wartime. While there have been tax incentives...
by wpadmin | Oct 11, 2023 | Uncategorized
The recent dismissal of Kevin McCarthy, the Republican Speaker of the House of Representatives, by members of his own party has a certain thespian quality to it. Sort of like watching a modern adaptation of Shakespeare’s Julius Caesar. It is not every day that a...
