Thanks to technology, productivity has allowed costs to equip a typical household in terms of hours worked to collapse

| October 5, 2013

Technology has enabled incredible productivity gains evident in American households in terms of the hours of work it takes to afford a typical set of appliances.  The following chart displays the collapse in the number of hours of work it takes to acquire washing machines, clothes dryers, dishwashers, refrigerators, freezers, stoves and other items including an […]

Government Shut down – so what – “Be thankful we’re not getting all the government we’re paying for” – Will Rogers

| October 2, 2013

Will Rogers had it right – less government is better.  The current federal government shutdown is a good thing.  I read recently there have been 17 government shutdowns since 1976. The current episode is not worrisome. See the following chart from Bespoke comparing today to 1995 – the last time there was a “government shutdown”. The […]