Mapping Wealth in America
Chris Rock summarized the difference between income and wealth in the context of the pro sports: “Shaq is rich. The white man who signs his check… is wealthy.”
Category: Economics
Trump’s Economy, by the Numbers
Just in time for Thanksgiving, here’s a broad review of economic performance under Trump, with comparisons to the Obama years.
Deficits Don’t Matter, Until They Do
Government borrowing is good until it isn’t. It is a valuable, wise investment in our future, until it isn’t. So far we’ve piled up our peacetime national debt to wartime levels with few visible consequences. We’ve begun to foolishly imagine that no consequences will come. Rest assured, deficits don’t matter until one day they do.
Socialism and Capitalism Are Both Irrelevant
Today’s greatest defenders of “capitalism” are icons of inherited mediocrity whose wealth would be swept away by ten minutes of exposure to a free market.
Trump Surrenders In Trade War
The Great China Trade War will play out just like the North Korea nuclear negotiations and the re-naming of NAFTA, just another trademark Trump fraud, paid for by his supporters.
Corporate Class Consciousness
Now that the government at the center of the “Free World” has been bought off by a corrupt global kleptocrats, who is standing up for liberal democratic values? Corporations, of course. Get used to it, because this is the strange new shape of liberal democracy.
Harley-Davidson May Not Be Telling the Whole Story
Their announcement highlighted the pointlessness of Trump’s tariffs, but Harley may not be telling the whole story.
Where Are The Robots?
We are trapped in a push-pull between low unemployment with low pay and higher wages with disappearing jobs. That dynamic will remain as long we retain our cultural and economic dependence on mass employment.
Democrats Love a Jobs Guarantee. That Figures
Here’s how this program would actually work, once it’s been ground into political sausage.