Archive for April 2019

GDP fluctuates dramatically quarter-to-quarter primarily because of three variables: government spending, inventories and exports. Stripping these variables out, one is left with a less noisy sequence that gets at the underlying strength of the US economy by zeroing in on sales to domestic buyers. And, pleasantly, despite much global turbulence this series has been generally…

To reduce the national debt by $30 billion, the Interior Department is selling naming rights to the Liberty Bell to Taco Bell. Henceforth, the bell will be the Taco Liberty Bell. Relatedly, the Lincoln Memorial is being sold to Ford and will be renamed the Lincoln-Mercury Memorial. In DC, the Wheaton subway station will be…