All Terrain Thinking

A Compendium of things I think are Important

Economics: It's not just whats' in your wallet

Try This...

"a picture is worth a thousand words"

What a difference a few years make.  Just a few years ago access to macroeconomic data was quite restricted, but now there is nearly universal access and even an on-line site that allows you to create your own graph.   For example what if you wanted to look at the unemployment rate.  You would go the the Federal Reserve, St. Louis and then choose US Employment Data.  Once there you can pull up the Unemployment Rate and you will follow the directions to construct a graph of the unemployment rate by selecting GIF chart of this data.  You will get the following graph (or something close to it since it will continually change). 

If you then follow directions and direct it to create a graph showing the unemployment rate since 1948 you get the following diagram.

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