Money Illusion in the Twenty-First Century The starting point for any consideration of inflation is that wages (and interest, profits, and rents) are prices.  Every transaction has two sides, and…

Lowest new jobless claims in over half a century The first two of four data releases this morning were corporate profits for Q3 and jobless claims for last week. Corporate…

Jobless claims: bar one week, the lowest number of layoffs in over half a century  – by New Deal democrat To reiterate my theme from last week, we’re back to…

…wintrily [sic], blustery Toronto.” Kardach sums it up as follows:  When asked about the name Bluetooth, I explained that Bluetooth was borrowed from the 10th century, second King of Denmark,…

…unreliable exercise. The actual realized deficits in the future will depend on economic performance at that time, and it is economic performance that actually matters, not the deficit or the…

…where the two groups diverge (very substantially) on economic issues. The left’s economic populism isn’t libertarian. The goals of economic populism–however much they state as their goal bringing economic power…

It’s not my fault if nature never felt like evolving a system that obeys a simple little first order equation. Source here…

…budgeted their IT department(s) for the next year. The man who controls the purse strings and prioritization complaining about the system inadequacies may well be the 21st century equivalent of…

…middle- and lower-classes. This trend became strong in England, France and the U.S. in the 19th century. However, it was interrupted during the 20th century by the two World Wars…

…failed low-income Americans over the past half-century. Corporate bosses have spent and schemed to prioritize profits over families. Lobbyists are blocking the will of the American people with their self-serving…