We have ample enough evidence for the efficacy, or inefficacy really, of tax cuts as fiscal stimulus. They have been deployed numerous times all over the world the last ten years, and the results have been nearly identical in all. Most charitably, proponents have been left with some form of “jobs saved” to describe, counterfactually, how if they had not [...]
Snapchat, a company that describes itself as a camera company yet makes no cameras, went public last week at a valuation of $24 billion. The company is growing fast, revenue up from $58 million to $405 million in just the last year. And as one publication put it, the company "earned" a loss of $514.6 million in the process. The [...]
Since there exists more than a bit of doubt about the state of employment in the United States, at least outside mainstream commentary, that dissatisfaction with the BLS/Census Bureau leads observers and analysts toward other data sources. When speaking of jobs you would think it far more readily obtainable, particularly without the need to resort to statistical trend analysis with [...]
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