Free Markets, Free People

Economic Statistics for 17 Feb 12

Here are today’s statistics on the state of the economy:

Consumer prices rose 0.2% last month, and 2.9% for the last year. The core rate showed an 0.2% monthly rise and a 2.3% annual one.

The index of leading economic indicators posted a strong increase of 0.4% last month, after upwardly revised gains of 0.5 and 0.3% in the prior two months.

Dale Franks
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2 Responses to Economic Statistics for 17 Feb 12

  • America’s Treasury Secretary, Timmy Geithner the TurboTax Kid, thought the chart would have been even more hilarious if they’d run the numbers into the next millennium: “You could have taken it out to 3,000 or to 4,000” he chortled, to supportive titters from his aides.

    Has total societal collapse ever been such a nonstop laugh riot?

    “Yeah, right.” replied Ryan. “We cut it off at the end of the century because the economy, according to the CBO, shuts down in 2027 on this path.”

    The U.S. economy shuts down in 2027? Had you heard about that? It’s like the ultimate President’s Day Sale: Everything must go — literally!

    At such a moment, it may seem odd to find the political class embroiled in a bitter argument about the Obama administration’s determination to force Catholic institutions (and, indeed, my company and your company, if you’re foolish enough still to be in business in the United States) to provide free prophylactics to its employees.