Energy-Related Prosperity in North Dakota
Update: Here's a post from Rob Port with further details on North Dakota's increase in personal income, including the state map below showing where the largest increases have been by county.
Professor Mark J. Perry's Blog for Economics and Finance
"A new gadget is designed to get people drunk INSTANTLY. The makers claim, however, that the 'harm' is limited, because you sober up equally rapidly. The alcohol is delivered via an aerosol spray, so people feel briefly drunk, then sober up."
Here are some highlights from today's BLS employment release:
|User||Avg. Price 2008||Spending 2008 (B)||Avg. Price 2011||Spending 2011 (B)||Savings 2011 vs. 2008 (B)|
|Total, 2008||$235.23B||Total, 2011||$151.29B||$83.94B|
The homeownership rate in the U.S. fell in the first quarter of 2012 to 65.4% (see chart above), according to data released today by the Census Bureau. That was the lowest homeownership rate in 16 years, since the 65.1% rate in the first quarter of 1996, and it looks like it will probably continue falling in the future.
"When politicians say, "spread the wealth," translate that as "concentrate the power," because that is the only way they can spread the wealth. And once they get the power concentrated, they can do anything else they want to, as people have discovered -- often to their horror -- in countries around the world."