Getting Used to Life in the Slow Lane Capital Hill Campus Bruce Yandle March 15, 2016
Getting Used to Life in the Slow Lane
Capital Hill CampusBruce Yandle
March 15, 2016
• Why Slow Gear?• The Geographic Imprint• Does Money Matter?• Regulatory Uncertainty
2000
-01-01
2001
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2002
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2003
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2004
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2005
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2006
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2007
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2008
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2009
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2010
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2011
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2012
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2013
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2014
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2015
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-4.0
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
U.S. Real GDP Growth from Preceding Year2000 - 2015
Growth from Preceding Year
Percent
U.S. Manufacturing and Services Index: 1/2009 – 1/2016
Does Money Matter?
Money & Velocity: 1Q2000 – 4Q2015
Quarterly Growth Rate
NASA. April – October, 2012.
The Geographic Imprint
Unemployment rates by state,2010 annual averages
(U.S. rate = 9.6 percent)
SOURCE: Bureau of Labor Statistics Local Area Unemployment Statistics
14.0% and over
12.0% to 13.9%
10.0% to 11.9%
8.0% to 9.9%
6.0% to 7.9%
4.0% to 5.9%
3.9% or below
According to Gallup, the “let’s get out of here” states are Illinois, where 50% wish to leave, Connecticut (49%), Maryland (47%), Nevada (43%), Rhode Island (42%), New Jersey (41%), New York (41%), Massachusetts (41%), Louisiana (40%) and Mississippi (39%). At the other end of the spectrum, Gallup found Montana (23%), Hawaii (23%), Maine (23%), Oregon (24%), New Hampshire (24%), Texas (24%), Colorado (25%), Minnesota (25%), South Dakota (26%) and Wyoming (27%).
U.S. Code of Federal Regulations
Why Command and Control?
Targeting Benefits with Regulation
Bootleggers & Baptists grease the rails