Corrections: Page One

Below, Corrections displays the labor income of natives (those born in the United States and its territories) and nonnatives (those born in ...

Claims of how many households pay income taxes, or income and payroll taxes, or net tax (thanks to negative tax impacts of EITC) are common,...

There exists an open question: "Is the U.S. a less competitive environment than it was in the past?" There are many ways of tryi...

From NYMEX, Corrections displays light crude oil futures prices from 2015-2023 ( click to enlarge ). Note that we know that futures prices a...

Below, Corrections takes an estimate of the total hours worked by the non-institutional population and divides it by the U.S. population bet...

In mid-2012, Kansas cut personal income taxes, from 6.45% to 4.9% for those making more than $60,000 when married or $30,000 when single, an...

When thinking about the very slow (or extremely impressive, in the view of some) U.S. recovery from the Great Recession, self-serving theor...

Wall Street Journal op-ed "The Middle-Class Comeback Is Under Way" (February 12th, 2015) makes a painful error while trying to pi...

Below, Corrections displays the Beveridge Curve from December 2000 to December 2014 ( click to enlarge ).

Reuters  article "Senator Rand Paul re-introduces 'Audit the Fed' bill" (January 28th, 2015) discusses a new bill i...

Below, Corrections depicts the absolute deviation from Feb 2010 (the local minimum of total employment) of Federal employment (excluding Ce...

The Guardian article "Quantitative easing: giving cash to the public would have been more effective" (10/29/2014) offers rhetoric...

Below, Corrections depicts two uses of the Index of Economic Freedom.  In this version, we have added some countries that were previously ...

Hating on the Federal Reserve is a religion.  Among the falsities that will be claimed is that the United States grew faster when the Federa...

The Index of Economic Freedom is correlated with GDP/capita.  Whatever our qualms about the Index's creation (it is fatally flawed), the...

Below, Corrections displays a set of years with the proportion of the U.S. population holding stocks in their portfolio of assets: 1952: ...

Below, Corrections depicts total employment/population aged 16-64 ( click to enlarge ). We have unambiguously seen an improvement since ...

The biggest grip Corrections has with modern Conservatives and Libertarians is that they have abandoned intellectualism and new ideas in fav...

Below, Corrections displays a (corrected) table from Poterba, Venti and Wise (JEP 2013) displaying average household wealth at retirement ag...

A question for the last few years has been: why are U.S. firms holding so much cash?  Cash holdings as a percent of net assets has increased...

As a rule, all accusations of government economic data manipulation made in a political setting are without basis.  Discussions of the CPI, ...

Below, Corrections depicts the post-ARRA reductions in benefits coming this November.  The reductions to maximum benefits available by size ...

Unfortunately, the BLS and other Federal agencies will roll out with a delay ( click to enlarge ).

Corrections is currently on furlough (click to enlarge [1] [2] [3] [4]   [5] ). On the one hand, we consider the debt ceiling...

Below, Corrections depicts the number of people accruing disability benefits as well as the number of disabled over time (wives and childre...

In 2003, President Bush signed the Medicare Modernization Act, putting into place a prescription drug benefit program for Medicare, a progra...

Medicare has four parts: Medicare Part A, instituted in 1965, which contributes to nursing care, inpatient hospital care, home and hospic...

Below, Corrections depicts the number of beneficiaries for Aid to Families with Dependent Children (AFDC) and its successor program, Tempora...

Below, Corrections depicts the proportion of the population working full-time, part-time, or either in 2012 according to the Current Populat...

Corrections has yet to meet anyone who is good at forecasting much of anything.  Why might this be?  One reason is bad statistical models. ...

Below, Corrections depicts log Federal outlays and log Federal receipts under Reagan, Bush-I, Clinton, Bush-II, and Obama up until August 2...

Since 2007:Q4, over the last 21 quarters, U.S. Federal debt has gone up by about 7.5 trillion dollars.  Three of the most common misconcepti...