Illusion of Prosperity: Chart of the Day (Musical Tribute)

Sunday, May 27, 2012

Chart of the Day (Musical Tribute)

Click to enlarge.

Source Data:
St. Louis Fed: Custom Chart

6 comments:

Fatboy said...: It's ALL an Illusion of Prosperity, dude. Don't you get it?; May 28, 2012 at 10:19 AM
Stagflationary Mark said...: Fatboy,

illusio prosperitatis non grata; May 28, 2012 at 2:05 PM
Jazzbumpa said...: You get an exponential fail from govt recpts alone - no denominator required - though that does make it more dramatic.

But - what is the point of the division? Govt receipts come from taxes and 1)tax rates are down, and 2) employment is down so people have less taxable income.

There is no surprise here.

Am I missing something?

JzB; May 28, 2012 at 3:40 PM
Jazzbumpa said...: Should have linked the chart.

http://research.stlouisfed.org/fredgraph.png?g=7wY

JzB; May 28, 2012 at 3:44 PM
Stagflationary Mark said...: Jazzbumpa,

My point is actually concerning the exponential rise in government receipts vs. wages over the years and its ultimate failure.

It's behaving like just like a laffer curve would predict.; May 28, 2012 at 3:53 PM
Stagflationary Mark said...: Put another way, there was no chance this chart would hit 100%.; May 28, 2012 at 3:54 PM

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