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The conversation in the United States has returned to an all too familiar topic, “the latest mass shooting,” a reference to the attack by Stephen Paddock on an outdoor music venue in Las Vegas, Nevada, on the evening of 1 October 2018. Paddock murdered 59 people and injured another 241 people.
Regulators remain politically incapacitated by out-of-context pleas for protection of the 2nd amendment right to bear arms, heavy financial support and sway of the National Rifle Association (NRA), and a voters who remain concerned that regulations of guns will infringe on lawful use of guns.
Does regulation work? Globally, the answer is yes. In the US, the answer should also be yes, at least if you look at the most recent data after former President Barack Obama announced in one of his first weekly addresses of 2016 new measures to increase background checks on gun buyers. The number of mass shootings decreased from 385 to 276 and the number of firearms permits was also slashed, though one could argue whether someone with an intent to kill would necessarily be deterred by a permitting process. Undoubtedly, regulations aside, the statistics in the US remain alarming.
The US Economy Data Brief provides a comprehensive and interactive overview of leading US economic and financial indicators, including but not limited to GDP, inflation and prices, economic activity, financial accounts, debt figures, the labor market, and so much more.