In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government's non-defense spending.

Cayley graphs provide a powerful and intuitive framework linking group theory with graph theory by representing groups through vertices and edges defined by a generating set. In the realm of finite ...

Real estate stocks now trade well below the cost to build it. The incentive to develop is removed when one can buy for cheaper. REITs are cheap on FFO, AFFO, NAV and replacement cost. The taper ...