Tag: Mark Perry
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Christmas holiday shopping 1962 vs. 2012
Economist Mark Perry has periodically made posts on his blog that contrast the relative real prices of items from decades ago to today's prices. The two graphics below are particularly interesting. (Christmas holiday shopping 1962 vs. 2012: the 'golden era' of prosperity for middle- and low-income Americans is today.) Here is the price of a…
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Long-Term, Commodities Are Getting Cheaper
From Mark Perry Perry writes: "Bottom Line: Over a very long period of time (76 years), there has been a significant downward trend in the real prices of commodities (see red trend line in graph), and the decline in commodity prices has taken place during a period when the world population increased by more than…
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Memories of the Great Depression shared by four Flint women contrast with today’s economic crisis
Flint Journal: Memories of the Great Depression shared by four Flint women contrast with today's economic crisis GENESEE COUNTY, Michigan — To those who lived through the Great Depression — people now in their 80s and 90s — today's economic conditions don't come close to rivaling the distress of the Great Depression. "When I see…
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Mark Perry on Income Inequality
Carpe Diem: Income Mobility Is Substantial. We Move Up and Down the Income Quintiles. In the study "Economic Inequality: Facts, Theory and Significance" by David Henderson (Associate Professor of Economics Naval Postgraduate School) he makes 5 main points about income inequality: Although income inequality has increased, it has not increased as much as some economists…
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About That Middle-Class Squeeze…
Investor's Business Daily: About That Middle-Class Squeeze… (HT: Mark Perry) The poor in America pay virtually no taxes at the federal level. What taxes they do pay have been falling for decades. The total effective federal tax rate — for income, payroll and excise taxes — for the bottom 20% of U.S. households was halved…