A better world through data

Tag: Economic Growth

Get Society Rich Quick: The Ideal Level of Government Spending

Post author By Mike P. Sinn
Post date April 17, 2012

It is commonly claimed that government spending is good for the economy, but the statistics show the opposite. Most recent studies find a negative correlation between total government size and economic growth. Why is economic growth important? Because wealthier societies are generally happier societies. No matter how good things get for us, we always want more. Human beings want […]

Debt Economics Federal Reserve Financial Sector

Housing Bubble Wastes $2 Trillion on 14 Million Empty Houses

Post author By Mike P. Sinn
Post date September 26, 2011

Empty houses in the US = 14 million. Median Home Price = $160,000. Money Wasted on Building Unneeded Homes = $2 trillion. Why would Americans be so dumb as to build 14 million houses they didn’t need? The two primary reasons we built too many houses are: The United States spends more than $100 billion annually to subsidize homeownership. The mortgage […]

Post author By Mike P. Sinn
Tags artificial interest rates, Economic Growth, economics, economy, Federal Reserve, free market, home construction, Housing Bubble, Interest Rates, interest rates low, market manipulation, median home price, recession, subsidies