A daily dose of philosophical food for your noodle!
A daily dose of philosophical food for your noodle! |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
| ||
Comments | ||
| ||
 | Wednesday, October 22, 2008 at 14:00:55 mst
Comment ID: #1 Name: Sajid Since I am still a jobless student I was actually becoming quite worried about the state of the economy. This graphic has cheeered me up. Thanks :). | |
| Wednesday, October 22, 2008 at 15:51:01 mst
Comment ID: #2 Name: Jim May E-mail: seerak(at)gmail.com On the one hand, that graph is logarithmic in its vertical axis -- if so, that line would look even more optimistic. | |
| Wednesday, October 22, 2008 at 15:53:21 mst
Comment ID: #3 Name: Michael Labeit E-mail: logician169(at)yahoo.com URL: http://unit-perspective.blogspot.com Though the business cycle is a state-creation, we are capitalistic enough to overcome the misallocations and malinvestments caused by government. I need a job too and will be deployed evetualy so I'll be asking my captain to release me from my unit so I can go active artillery in Afghanistan. | |
| Wednesday, October 22, 2008 at 16:10:43 mst
Comment ID: #4 Name: John Harris E-mail: John.Harris00 at gmail.com http://lifehacker.com/5066440/credit-crisis-explained-as-an-antarct ... | |
| Wednesday, October 22, 2008 at 17:35:02 mst
Comment ID: #5 Name: Steve D'Ippolito Jim, | |
| Wednesday, October 22, 2008 at 18:47:54 mst
Comment ID: #6 Name: Jeff Was the entire graph inflation adjusted in the same way? I understand that the way they are doing it now significantly understates the rate of inflation. | |
| Wednesday, October 22, 2008 at 19:01:04 mst
Comment ID: #7 Name: Jeff Montgomery E-mail: jamontgom(at)hotmail.com URL: http://funwithgravity.blogspot.com/ If you look at a graph of the Dow Jones over the last few decades you see pretty much the same thing, with a recent small downward blip after 9/11, and peaks for recent loose-credit bubbles (not adjusted for inflation). If you chop off those bubbles, which in real terms never really existed anyway, the DJI would be maybe 9,500 now. | |
| Wednesday, October 22, 2008 at 22:31:07 mst
Comment ID: #8 Name: Jim May E-mail: seerak(at)gmail.com "You caught on to the fact that the graph is logarithmic, which is why I am surprised you didn't see the text that says "real 1990 dollars". (In other words, yes it is adjusted for inflation.)" | |
| Thursday, October 23, 2008 at 6:36:36 mst
Comment ID: #9 Name: Maurizio Natali E-mail: maunat(at)hotmail.com URL: http://perloggettivismo.blogspot.com/ Hi, | |
| Thursday, October 23, 2008 at 7:25:50 mst
Comment ID: #10 Name: Blue I'd be interested in seeing this graph from that news paper article with labeling of specific significant economic influences corresponding to each year. For example about the above thing about increased instability after we left the gold standard. Comparison on this graph is that the line has no perceptible down turns, just occasional slowings in rate of increase, up until shortly after 1890 when there's a sudden much sharper increase than there had been on the rest of the graph previously and then a sharp down turn very soon afterward and in 1890 the Sherman Anti-Trust Act and Sherman Silver Purchase Act were put into law. Seeing more of significant events along a time line and what happens to the line is still just correlation, but it would be a nice thing to have to have to show to get people at least wanting to start investigating why these correlations exist. Maybe, just maybe, after doing such some people may actually rethink their beliefs on if government forcing of the economy can actually induce progress and prosperity in general or not. | |
| ||
Post Your Comment | ||
| ||
E-mail Paul Hsieh
Comments
