Higher Rock Education - Economics Blog

Why Very Low Unemployment Has Not Been Inflationary

Thursday, November 09, 2017

Review our past State of the Economy blogs and you will find a consistent message. Low unemployment should put upward pressure on the price level. It hasn’t. This morning I read this explanation in the Wall Street Journal. I think the blog explains the Federal Reserve’s dilemma and why the improvement in employment has not increased inflation yet. Note it More

Healthy and Unhealthy Unemployment - Who Is Included?

Thursday, August 31, 2017

The United States unemployment rate has fallen dramatically over the past decade. Last month the official rate was 4.3 percent, down from 9.6 percent in 2010. Economists refer to today’s rate as “full employment”. Yet we read that unemployment is a problem and there are many long-term unemployed. Are these statements conflicting? No…both are true. The unemployment rate has fallen, but there are many unemployed who are not included in the unemployment rate, and the economy has passed them by. To More

Economics Lessons for Venezuelan Leaders

Tuesday, August 08, 2017

The Venezuelan Economy is in a prolonged recession, yet the controls the largest Oil Fields in the World. Why? Here are a few Economic Principles that could have avoided or diminished the situation. Read More... More

The US’s Changing Priorities Reflected in the Government Budget

Friday, July 28, 2017

Government spending in the United States increases every year. How has the spending changed, and has it increased relative to the growth of the Economy? More

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