News
CNN Money | American consumers upbeat in February
Consumers are feeling more upbeat about the U.S. economy in February than they have been in the last two months, as fiscal cliff worries have finally subsided.
Bloomberg | New-Home Sales in U.S. Surge to Highest Level Since 2008
Purchases of new U.S. homes jumped in January to the highest level since July 2008, showing the industry will keep adding to growth in the economy.
Econ Comments & Analysis
Forbes | In Asking About Income Inequality, Obama Begins With The Wrong Question
When Obama and his supporters refer to income inequality, they are taking a complex set of economic and social issues and boiling them down to a single data point: how large is the difference between the annual incomes of top earners compared with those on the bottom of the income scale. While that is one interesting question—though even as it is there are problems with it—having it stand alone as the driving force for change is a gross oversimplification that will lead to bad outcomes.
Blogs
Economist | The 1974 trap
Do countries often get trapped betwixt poverty and prosperity? The concept of a middle-income trap was popular long before it was thoroughly tested, or even very clearly defined.
