◀ The Principal Blog

Posts tagged ‘economy’

What’s a Central Alabama Home Depot employee have to do with the Bolivar?



Given the current state of its economy, Venezuela officially became a brand new member of a notorious club: the “hyperinflation club.” This is based on a method for identifying hyperinflation from economists Steve H. Hanke and Nicholas Krus, aptly named Hanke-Krus World Hyperinflation Table.…

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November Jobs Report – Nothing New in November



The Department of Labor reported on Friday that 178,000 jobs were added in November, roughly what the 2016 average has been. The unemployment rate ticked down to 4.6%, which is the lowest since 2007, however the labor-force participation rate and wage growth were both down. Here are my thoughts on…

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