Was the New Deal successful at ending the Great Depression Why or why not? However comprehensive the New Deal seemed,it failed to achieve its main goal: ending the Depression. In 1939, the unemployment rate was still 19 percent, and not until 1943 did it reach its pre-Depression levels. W...
has changed over timein the U.S. alone, and differs according to culture across the globe. Many well-known and oft-used Western measures of healthy body weight have had very little evidence of their accuracy especially across different body types and races or ethnicities. For, instance, the ...
Income was revised up massively, and spending was revised up but less, and so the savings rate – the percentage of the disposable income that consumers didn’t spend – was revised up in a stunning manner: The revised savings rate for July was 4.9%. The old version of the savings rate ...
This was the period that became foundational for the so-called bond vigilantes that emerged in the 1980s. They were big bond-fund managers that had gotten burned during those prior years, and that then refused to buy government bonds unless the yields were high enough. And for the next 20 ...
The unemployment rate held steady at 4.5 percent. For all of 2006, employers added 1.8 million jobs to payrolls. That's a relief. Throughout last year, many economists worried that the cooling real-estate market could hurt job growth and tip the country into recession. After years of spirali...
A popular narrative that New Zealand’s policy response to Coronavirus was ‘go hard, go early’ is misleading. While restrictions were the most stringent in the world during the Level 4 lockdown in March and April, these were imposed after the likely peak in new infections I use the time...
Early estimates from Bloomberg put it at $2.7 trillion— but that was before coronavirus was declared a pandemic, all of Italy went on lockdown and the United States started canceling everything. When businesses are shuttered, they aren’t making money … which means there isn’t an...