According to the HLFS, unemployment was down to 3.6%, even with the participation rate at 68.8%. Wage growth remained elevated at4.6% for the June year. House sale fell a seasonally adjusted 10% in the July quarter. This was the lowest seasonally adjusted number of sales since December 2001. Sorry that this was so late, the […]
Over at no right turn, they seem to believe that economists sour reaction to the low unemployment figure is ridiculous. After all, a low unemployment rate implies that people have jobs, and a secure income, which is of course valuable to society. They seem to believe that if we accept a little more inflation we […]
I realise that a lot of important economic figures were released today, however, I have found an issue more important than any amount of labour market data, the regulation of beer. Now, according to this article, most binge drinkers drink beer. So they think we can reduce binge drinking by taxing beer, and reducing availability […]
I was reading a post on how advertising manipulates preferences, or in other words it gives us mis-information, leading us to make the wrong choices. At the same time I was thinking about porn, and that lead me to tie the two together and discuss how porn may lead to manipulation. Now in the advertising […]
Free exchange and Dani Rodrik have both made intelligent posts on the issue of import substitution. Free exchange sticks to the common line that import substitution is bad, Dani says that there is evidence that it is good. I know very little about any of this, but I’m going to say something anyway. As far […]
So food with a McDonalds wrapper does taste better. Now I’m sure many people will take this as a sign that advertising is evil, as it can lead to children being overweight, however I think it is an awesome service provided by McDonalds. You see McDonalds advertising makes food taste better, they increase the value […]