Russia is invading a sovereign nation in the biggest land war in Europe in decades and all Trump can do is praise Putin's genius. Trump ...

The first modern Olympics game in 1896 had only 14 countries compete. In this winter Olympics we now have 91 countries competing but still j...

We live in a world of specialists. The bureau of labor statistics tracks 800+ jobs and even that is a small subset of all the jobs and occup...

Here's a theory about inflation that you may not have heard. I could be wrong but this theory is based on a lot anecdotal evidence that ...

More resources help. Hopefully future generations will find it bizarre that we so richly rewarded and so severely punished kids for their ch...

The BLS reports 2 numbers each month for new jobs. One is a result of household surveys. (Something like going door to door asking, "Di...

Since 1970, there has been only one year that ended with a lower unemployment rate than 2021. That was 2019. In this century, the unemployme...

Caption for picture of regulators with chainsaw and bolt cutters from Jonathan Levy's brilliant Ages of American Capitalism . "Incr...

You all know that I'm fascinated by economic progress and development. Medieval serfs had very few rights, on average died in their earl...

"Well, comorbidities explain a lot about who is dying of COVID," say the same folks who have - at various times - dismissed COVID ...

Inflation after a year of sharp contraction followed by a year of record growth is about as shocking as squealing tires on a car that goes f...

From John Maynard Keynes' General Theory of Employment, Interest and Money. "... there has been a chronic tendency throughout human...

“A joyful life is an individual creation that cannot be copied from a recipe.” ― Mihaly Csikszentmihalyi One of my heroes died yesterday. Mi...

Curiously, poverty and wealth alike seem to lower employment rate for the children of the poor and wealthy. This first graph shows that as p...

The doorbell rings this morning and I open it to an 8-year-old in costume. “Trick or treat!” he hollers at me. “What is this,” I ask. “It’s ...

The Dutch have interest rate records that go back 500 years. Interest rates never once went negative in that entire period ... until just a ...

We've gone from making Columbus out to be a brave hero who sailed over the horizon to discover our home to making Columbus an amoral opp...

Last month (Sep-2021) the economy created less than 200k jobs, which is far short of what's needed. The good news is that monthly variat...

Barbara Tuchman's March of Folly was published in the mid-1980s. She wrote about how Renaissance popes lost northern Europe to the Prote...

Silicon Valley got its name because of employee law that California inherited from Spain. In states back east, if you worked for a shoe cobb...