The Bowtie Economist's Daily Dose of 70-Word Wisdom

While the strength of the US dollar was for a long time the result of central bank policy in the US, the dollar is now, to at least some extent, a determinant of Fed policy. Because the surging dollar is…

After WWII, public transit use peaked at 23 billion unique trips, meaning that 20% of the US population took public transit twice a day. Public transit usage then quickly declined, hitting a low of 6.6 billion unique trips in 1972.…

Many stores offer low-price-match guarantees. On the surface this protects consumers. But it can harm them too. Once convinced that a store will match a lower price, customers may not shop around to find better prices. Moreover, if multiple stores…

Last Friday’s employment numbers were good, not great. 295,000 net new jobs is outstanding, and employment growth during the last year has been the best since 2000. Better yet, almost all the new jobs are in the private sector, almost…

The Friday File: The cost of raising a child from birth to college is $245,340, or $13,630/year for families with annual incomes of $82,790. Of course this excludes college costs and forgone income while being a stay-at-home parent. Conservatively those…

In Obama’s first term, 2.018 million private sector jobs were created. That total beats both of W’s terms, and Bush Sr.’s only term, but doesn’t come close to the over 10 million jobs created in each of Clinton’s terms. However,…

While 3.2 million new jobs were created in 2014 making it a great year for job creation, GDP grew by a very pedestrian 2.4%. This suggests that labor productivity is either growing very slowly, or worse, may be declining. Either…