admin on February 26th, 2009

Perhaps I should start off with the disclaimer that I am a long time, rabid, UConn basketball fan, both men’s and women’s.  For those who do not know, Jim Calhoun is the UConn men’s basketball coach.  He has been successful beyond what would once have been a UConn fan’s dream, and partially due to his […]

Continue reading about The Coach Calhoun Controversy

admin on February 24th, 2009

The two previous graphs presented on The Middle Class Forum showed how we started to produce capital and services at a greater rate that overall productivity.  Here is the flip side of that, our relative growth rate of producing goods. Overall productivity, as indicated by domestic income data in Table 6.1 of NIPA (see the […]

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admin on February 22nd, 2009

Recently I have posted data to show that some significant changes to our economy were initiated in the seventies.  One was the accelerated relative growth of businesses producing capital; the other was the accelerated growth of businesses producing services.  Something significant must have occurred in the seventies that contributed to these significant changes.  The cause […]

Continue reading about Putting Economic Data in Context

admin on February 20th, 2009

A week ago I shared a graph that related the growth in the capital producing industries of financial institutions, insurance and real estate to overall domestic production.  This data was obtained from Table 6.1 of NIPA, found on the web site for the Bureau of Economic Analysis.  This data is not perfect, but far more […]

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admin on February 19th, 2009

When I first read Small Is Beautiful by E. F. Schumacher I was mainly a long distance backpacker who took some college courses on the side.  I enjoyed the book as a long-distance backpacker would; the heartfelt appeal to “Economics as if People Matters” strikes a chord with a person who has enjoyed the simplicity […]

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admin on February 18th, 2009

This is part of a series responding to President Obama’s call to stimulate consumer spending.  The case is being made that consumers can spend on various things, some of which are not helpful.  What we specifically need to target is closing the gap between productivity and capital that has been created from nothing. Earlier this […]

Continue reading about Stimulating Productivity through Diversity

admin on February 16th, 2009

The title of this post sounds like I’m crazy, particularly if you read much on laissez faire economics.  Such economists point to taxes as a disincentive for whatever is being taxed.  That’s precisely what I’m counting on. I recently posted data that showed how producers of capital have far outpaced overall economic production.  Not surprisingly, […]

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admin on February 15th, 2009

The past two entries communicated the message that President Obama’s emphasis on consumer spending is misguided.  If we spend on goods produced by other countries, then our economy is not being revived.  If we invest in capital producing industries (financial institutions, insurance or, for that matter, corporate stocks) we contribute further to the problem of […]

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admin on February 13th, 2009

It’s been awhile since I have posted data from the NIPA or Statistical Abstracts.  Last year, the first on The Middle Class Forum, featured a variety of graphs that mainly showed trends since the 1970s.  Here is a graph that shows the relative growth of all domestic income since 1948 and the growth of financial […]

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admin on February 11th, 2009

Comparing this press conference to ones from the past few years there are some improvements and some of the same ol’, same ol’.  I suppose it is too early to tell, but one improvement is the straight talk.  Even before the press conference Obama already has admitted to making mistakes, a sign of the humility […]

Continue reading about President Obama’s Press Conference