Even More Questions What is capital? What power does capital have when invested in machinery, lands, agricultural improvements, etc.? What happens to individuals when they have experienced the accumulative power of money?

Because it had always been that way, none could think differently. From time immortal, labor was that what did much of the work of production. There is now a generation, maybe two, on this earth, most of whom will never know labor; will seldom see it performed. The energy for their world will not come […]

History Professor Heather Cox Richardson at Morrissey College of Arts and Sciences, Boston College writes a daily(?) news letter (Letters from an American) which she describes as; “a chronicle of today’s political landscape, but because you can’t get a grip on today’s politics without an outline of America’s Constitution, and laws, and the economy, and […]

A Few Questions What constitutes the wealth of a nation? What is the source of all wealth and revenue? Does the method by which one receives income — whether wage, rent, profit or interest — indicate the ultimate source of the value represented by it?  Do stores of money, machinery, manufactured goods or produce represent […]

Final jobless claims of 2020 continue to show a lack of progress New jobless claims declined for the second week in a row this week, but are still significantly above their recent pandemic lows, while continuing claims, seasonally adjusted, once again made a new pandemic low. There is a sizable but by no means certain […]

Wear Your Masks Around Others, Socially Distance If You Are Out and About, And Stay Home As Much As You Can! Eric, Dan, and Me

Infidel753 at Infidel753 blog had an interesting post up which I thought makes for a good read. Infidel753 can also be found at Crooks and Liars blog. Soon the time of Trump will give way to a Democratic presidency and House and hopefully a 50-50-plus-Harris control of the Senate.  Some things to keep in mind: 1. When […]

Coronavirus dashboard for December 29: a final look back at the pandemic disaster in 2020 US confirmed cases: 19,132,726*Average cases last 7 days: 184,005Total US deaths: 333,118Average deaths last 7 days: 2,207  Total vaccinated: 2,127,143 (per CDC via Bloomberg) *Because many asymptomatic people probably never get tests, actual cases are probably more like 26 million, […]

Professors Piketty, Saez, and Zucman! Have a minute? A minute to talk about rentiers, retirement, growth, and sharing? Thanks. Seems some sixty-percent of Americans think that things are going pretty well. For them, things are going pretty well. But, for the lower forty, things aren’t going well at all. Surely, this sixty – forty ratio […]

While everyone is social distancing (?), wearing masks when out, and staying at home (mostly); there has been an uptick in women and men not getting along together well when confined to apartments or homes. No place to go and the heart may not grow fonder of your-other when confined due to the COVID-19 pandemic. […]