Mom, Where Does GDP Come From?
This is probably not a question that is frequently heard by parents. If it were, it would probably be just as disconcerting as the more common, “Where do babies come from?” If your child asks about GDP (Gross Domestic Product), you probably have a budding economist on your hands, and potentially a Nobel Prize winner as well. What we should really want to know is where does GDP growth come from?
The Dog (and Donkey and Elephant) Days of Summer
As the presidential election begins to take shape now that the party nominees have been confirmed, we are discouraged by the tone. Every election cycle it seems like the pundits declare that “this is the most consequential election ever” and “the political parties have never been more divided.” These statements are usually thinly veiled hyperbole, but we do wish that the nation could have an honest debate on policies and priorities.