…gentle readers. 1 “I use the words ‘capital’ and ‘wealth’ interchangeably.” Capital, p. 47 Full kudos to him for stating this assumption explicitly; it’s baked into many economic theories and their…

– by Steve Roth Originally posted at Wealth Economics Economists have widely ignored it, even while dubbing it the “preferred” measure of income. “The greatest trick capital-gains income ever managed was…

…normally scrutinized in the design of any building so significant — and in the review that public projects face in the nation’s capital. But barring a judge’s intervention, the ballroom…

…returns to capital even before the AI tsunami hits, and AI is sure to shift the balance of economic power further from labor to capital — making wages an even…

Piketty wouldn’t raise taxes on income, which thriving professionals have a lot of; he would tax investment capital, which they don’t have enough of. — David Brooks, The Piketty Phenomenon,…

…by a strong 4.2% after accounting for inventories to another new all-time record: Corporate Profits with Inventory Valuation Adjustment and Capital Corporation Adjustment The bottom line: if the rear-view mirror,…

…them.) 2.Obama’s proposed chained-CPI cut would typically reduce benefits for 3 percent, and by as much as 6 percent for some recipients. 3.The White House’s decision to label this cut…

…also added the final two sentences. The post is a followup to a post from earlier Friday. I’ve also created an additional label: mainstream-journalism gimmickry. I’ve left the original rather…

…and since then, models have proliferated, transforming the name “Smith and Wesson .38” into a generic label for a particular style of gun, even clones that aren’t made by Smith…

…the next decade, achieved through a combination of limits on breaks and higher tax rates on ordinary income, capital gains, dividends and estates”); Jackie Calmes, Demystifying the Fiscal Impasse that…