Casey Report: Nominal GDP vs. PPP GDP

From a recent Casey Report: I’d like to do a quick review of a subject you might remember from your college economics courses: nominal GDP vs. purchasing power parity GDP, often abbreviated “(PPP) GDP.” You’ll need to understand the difference between the two to fully appreciate Jayant’s article. If you’re already familiar with them, feel…

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Glass-Steagle, Revisited

Though I have commented on it once or twice before, the more I learn about Glass-Steagle, the more I am convinced it played no part in the economic crisis of 2008. Tom Woods addresses it only briefly in his book Meltdown, but David Stockman’s book The Great Deformation explains how the reality of fiat currency…

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Economics in One Lesson, Part I

Similar to Praxgirl or eEconomics, there is another series I would like to move slowly through, based on the Book Economics in One Lesson by Henry Hazlitt. I would highly recommend the book, but if you do not have time to read it, perhaps you will have under 3 minutes every week to watch a…

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Economy Update: Schiff, Et al.

The market is completely divorced from reality, as it was in the years leading up to the housing bubble, stock market bubble, etc, etc, etc… Two of Peter Schiff’s latest updates may be the greatest and most informative he has ever created. The first explains how GDP data is being manipulated, while the second explains…

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