Archive for August, 2010
Fiscal Federalism I: Federal Expenditures
Today, the U.S. Census Bureau released their annual Consolidated Federal Funds Report which tracks federal spending by state. The vast sums of federal dollars that flow to the states has radically transformed the meaning of “Fiscal Federalism.” Fiscal Federalism use to mean that most spending decisions were made at the state and local levels. Now, [...]
The State of America’s Private Sector VI
Today the U.S. Department of Commerce’s Bureau of Economic Analysis released their monthly personal income data for July 2010. The chart below shows the private sector share of personal income from January 1959 to July 2010. The private sector is up ever so slightly from June 2010 to July 2010. However, the private sector is [...]
The State of America’s Private Sector V
There is a lot of chatter on the internet about Amity’s article revolving around how comparing Maine and New Hampshire is bogus. Well, after considering these arguments, I wonder how critics would respond to this comparison–New Hampshire versus Rhode Island. It would seem based on all the arguments I’ve read that Rhode Island should, without [...]
Double-Dipping
hat tip to Greg Mankiw.
Cost-of-Living I
Folks often-times confuse inflation with cost-of-living. Inflation is the general rise in prices caused by too much money chasing too few goods and services. Cost-of-Living is related to geographic differences in the purchasing power of the dollar–created by real effects such as productivity or amenities. Sometimes the two can interact since easy money can filter [...]
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