Archive for July 31st, 2013

The New GDP

Well this didn’t take long. At 8:30 this morning, Uncle Sam suddenly shrunk. Federal spending fell from 21.5 percent of gross domestic product to 20.8 percent, while taxes declined from 17.5 percent to 16.9 percent. To be clear, the government is spending and collecting just as much as it did yesterday. But we now know […]


A couple things worth reading this morning. Avik Roy discusses the relationship of part-time employment and Obamacare. He thinks that it is pushing more people into part-time work but the article is balanced and examines the arguments against the hypothesis as well. Tyler Cowen references a FT article which points to a number of disturbing […]