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The chart illustrates the Debt Change Percentage by U.S. Presidents, highlighting significant variations in debt changes across different administrations. Notably, outliers such as Abraham Lincoln, Franklin D. Roosevelt, and Martin Van Buren exhibit dramatic debt increases, with percentages exceeding 600%, although their exact values are not fully displayed due to the chart’s axis limits. These…

The United States could benefit from examining El Salvador’s approach to inflation management, which underscores the importance of fiscal discipline and monetary constraints. As a dollarized economy, El Salvador does not have the ability to print its own currency, tying its inflation rate to the stability of the US dollar. This structural limitation forces the…

The United States, the world’s largest producer of oil with 759.5 million tonnes produced in 2022, paradoxically remains energy-dependent. This dependency stems from a combination of domestic factors and global energy policies, with some questioning whether this reliance is an unintended consequence or a deliberate design. Energy Dependency: Structural and Economic Realities Despite leading in…

Introduction: The Puzzle of Progress Over the past three decades, the U.S. has witnessed significant growth in real median household income, yet poverty rates have only seen modest declines. Using data from the Federal Reserve Economic Data (FRED), this analysis reveals the nuanced relationship between these two metrics from 1989 to 2023. What emerges is…

The chart presents a comprehensive view of the annual average Consumer Price Index (CPI) during the presidencies of George W. Bush, Barack Obama, Donald Trump, and Joe Biden. By examining this data, we gain insights into the inflationary trends that have shaped the U.S. economy over the past two decades. The Bush Era (2001–2009):George W.…

The chart presents a visual analysis of the annual average unemployment rate during the presidencies of George W. Bush, Barack Obama, Donald Trump, and Joe Biden. The data, sourced from FRED (Federal Reserve Economic Data) and represented by the UNRATE series, offers insights into how the U.S. labor market has evolved under each administration and…

is a programming language and software environment primarily used for statistical computing and data analysis. It’s popular among data scientists, statisticians, and researchers for its powerful data manipulation, visualization, and modeling capabilities. Here’s a brief overview of what makes R unique and widely used: In summary, R is a versatile and powerful tool for data…

In today’s economy, it’s no secret that taxes and inflation are working together to reduce the real value of our incomes. Each month, it feels like paychecks don’t stretch as far as they used to, leaving us wondering: where is all the money going? Let’s break down the numbers and see how inflation and taxes…

The chart paints a stark picture of the U.S. government’s growing debt under a fiat currency system, where money is created by government decree rather than being backed by tangible assets like gold. The rapid expansion of debt, outpacing tax receipts, illustrates a key feature of a fiat currency: the government can continuously borrow and…

Inflation and taxes directly impact your income, creating a gap between nominal wages (the actual amount on your paycheck) and real wages (the purchasing power of that paycheck over time). This article explains the differences between nominal and real wages and introduces an interactive tool to help you visualize how inflation and taxes affect your…