"For forecasting, the new measure [Gross Output] may be more helpful than the GDP measure, because it provides information of goods in process." -- David Colander (Middlebury College) I am happy … [Read More...]
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FIRST QUARTER GROSS OUTPUT AND B2B INDEX POINT TO NEGLIGIBLE GROWTH OF THE U.S. ECONOMY
Washington, DC (Thursday, July 21, 2016): U. S. economic activity is still sluggish and without indication of significant growth. Economic data released today indicates that industries in the early stages of production are struggling, which could spell … [Read More...]
HOW BEN FRANKLIN SAVED THE POST OFFICE AND HELPED UNIFY AMERICA
By Mark Skousen Special to the Franklin Prosperity Report July 4, 2016 “In the fourth year of Franklin’s administration, [the Post Office] paid a profit for the first time in its history.” -- Thomas Fleming, “The Man Who Dared the Lightning” … [Read More...]
FreedomFest Fun Activities
In addition to all the great debates, presentation and hundreds of vendors in our exhibit hall. there are many other activities to occupy your time and challenge your intellect. One … [Read More...]
Big news: the Bureau of Economic Analysis (BEA) has changed its definition of GDP that starts with Gross Output.
This is a significant breakthrough, which I have encouraged them to do for some time. Here is the BEA’s official release (March 25, 2016), which re-defined GDP as follows: "Real gross domestic product -- the value of the goods and services produced by … [Read More...]
FOURTH QUARTER GROSS OUTPUT AND B2B INDEX POINT TO BUSINESS RECESSION
By Mark Skousen April 21, 2016 Washington, DC (Thursday, April 21, 2016): U. S. economic activity continued to slow dramatically in the 4th quarter 2015, threatening recession. As a whole, the growth rate of the economy was anemic, almost flat, for … [Read More...]
CATO INSTITUTE POLICY FORUM: “GO Beyond GDP: What Really Drives the Economy?”
We hear constantly that consumer spending is 70% of GDP and that consumer spending drives the economy. Our government often sets policies and spends taxpayer money in order to increase consumer spending in a misguided attempt to stimulate the … [Read More...]
ANNOUNCING THE NEW THIRD EDITION OF “THE MAKING OF MODERN ECONOMICS” BY MARK SKOUSEN
March 9, 2016: Today marks the 240th anniversary of the publication of “The Wealth of Nations,” by Adam Smith. On this day Dr. Mark Skousen is also pleased to announce the publication of the new third edition of his bestselling history, “The Making of Modern … [Read More...]
Announcing the New Third Edition of “The Structure of Production”
Federal Government Introduces a New Macro Statistic: A Triumph in Supply-side “Austrian” Economics and Say’s Law Mark Skousen, The Structure of Production. New York University Press. Third revised edition, 2015, 402 pages. $26 paperback. Available on … [Read More...]
