In November, 2017, I was invited to give the annual Schumpeter Lecture in Stockholm, Sweden. “It is, however, the producer who as a rule initiates economic change and consumers are educated by him if necessary; they are, as it … Continued
Washington, DC (Thursday, December 22, 2022): Today, the federal government released its quarterly gross output (GO) data, as well as GDP third estimate for the third quarter 2022. The Bureau of Economic Analysis (BEA) revised third quarter real GDP growth … Continued
Washington, DC (Thursday, September 29, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the second-quarter 2022. Inflation-adjusted real GO increased 1.6% in the second period 2022. While this marks … Continued
GDP is slumping, but there’s a better way to gauge the economy. By Mark Skousen Originally appeared in the Wall Street Journal on Aug. 10, 2022 and on wsj.com How can the U.S. be in a recession when the … Continued
Washington, DC (Wednesday, June 29, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 1st quarter 2022. Real GO rose 2.0% (after inflation). Surprisingly, GO was positive while … Continued
Washington, DC (Wednesday, March 30, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 4th quarter 2021. Real GO rose 3.8% (after inflation), which was another indication of a … Continued
Washington, DC (Wednesday, December 22, 2021): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 3rd quarter. Real GO rose 4.4% (after inflation), a slowdown in the economy compared … Continued
Washington, DC (Thursday, September 30, 2021): For the first time in history, total spending in the economy, Gross Output (GO), hit $50 trillion 2021, based on the latest economic data release. Gross Output (GO) is the top line in national … Continued
Washington, DC (Thursday, June 24, 2021): On June 24, 2021, the federal Bureau of Economic Analysis (BEA) released data for the first quarter 2021 Gross Output (GO) – the most comprehensive measure of total spending in the economy, including the … Continued
Washington, DC (Thursday, March 25, 2021): On March 25, 2021, the federal Bureau of Economic Analysis (BEA) released data for the fourth quarter 2020 gross output (GO) – the most comprehensive measure of total spending in the economy, including the … Continued
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