ABOUT TOM WOODS

Thomas E. Woods, Jr., is the New York Times bestselling author of 11 books, including The Politically Incorrect Guide to American History and Meltdown (on the financial crisis). A senior fellow of the Ludwig von Mises Institute, Woods has appeared on MSNBC, CNBC, FOX News, FOX Business, C-SPAN, Bloomberg Television, and hundreds of radio programs... (Read More)



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The US Economy in Five Charts

1st April 2013      by: Tom Woods     

These charts don’t tell the full story, to be sure, but they’re worth looking at: labor force participation rate, real household income, US households in poverty, personal savings rate, and Americans on food stamps.

Unlearn the Propaganda!

  • sovereignthink

    Piracy,

    Bankrupt standards,

    Open Theft.

    Where is our line?

  • Ryan

    While caveated in the title, these charts are misleading as they make it appear that these are not long term U.S. trends, but rather recent phenomena. The facts are that these are just continuations of greater trends that may have been accelerated by the Great Recession, but are not necessarily cause for alarm. For example, the U.S. participation rate has been in decline for over 10 years now. Labor force participation rates among males has been in decline since the early 1950′s. Demographic changes explain this trend, but cherry picking data points can easily create an alarming picture.

    Just something to keep in mind.

  • Ryan

    Sorry, I should have said “some of these are just continuations”…my current language makes it sound like all are continuations of trends. My apologies.

  • Anthony Hidalgo

    Incredibly, If you go to Mike Norman’s website he has a set of charts that “prove” the stimulus worked.

  • Mortality Begats Ruthlessness

    There is no line. There is only obfuscatory language used to mask the true nature of the criminal behavior engaged in by certain segments of our society and government. The invisible line demarcating the acceptable limits of behavior was crossed many years ago.

  • http://www.facebook.com/justin.brown.1612 Justin Brown

    I think the first thing i learned in college was that anybody can come up with statistics to support whatever their viewpoint may be…certainly “cherry picking” such as the ones used to prop up global warming can be done…that’s why we were gifted with objectivity. Just take a look around…read some news that doesn’t come from the American propaganda machine…does this look like a recovery? Have you drank enough of the kool-aid to still buy the Keynesian rhetoric?



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