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gross domestic product

Shoppers Hunt for Post Holiday Bargains in Austin
(Photo by Joe Raedle/Newsmakers)
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Capitalism Gets A Bad Rap

The point I’m making is that the more rich people there are — the better off society is. And no other system can produce as many rich people as capitalism can.

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Consumer Prices Rise Sharply In July
Consumer prices rose by 0.8 per cent in July, which means that the cost of living in America is rising at a rate of 5.6 per cent over the year as a whole. (Photo by Spencer Platt/Getty Images)
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Inflation vs. Deflation – What’s the Difference?

One of the jobs of the Federal Reserve is to keep inflation from going too high and to prevent the economy from going into a deflationary spiral.

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(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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Let’s Tax The Rich At 90%!

Tax the rich at 90% and make them pay their “fair share.” To someone uneducated about how taxes work this sound like a great idea until you run the numbers.

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NEW YORK - SEPTEMBER 23: Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2011 in New York City. U.S. markets faced another volatile day amidst fears about economic growth in Europe. (Photo by Daniel Berehulak/Getty Images)
NEW YORK - SEPTEMBER 23: Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2011 in New York City. U.S. markets faced another volatile day amidst fears about economic growth in Europe. (Photo by Daniel Berehulak/Getty Images)
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Who Really Grows Economic Recovery?

Consumers spend more money buying Halloween candy ($2 billion) than was spent in the most recent election.

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Dan Kitwood/Getty Images
Dan Kitwood/Getty Images
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America Is Looking Good, On Paper

The Bureau of Economic Analysis has reported that our gross domestic product has grown from 2.6 in the third quarter to 3.2 percent in the fourth quarter of the 2010 fiscal year. Does this mean jobs will be on the rise again? My guess is no because people have survived without those employees through the last year, and a majority will likely keep it that way.

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