Post by: Blair Fix

EconoFiction

Why America Won’t Be ‘Great’ Again

24 Okt , 2020  

Like Britain, the rise and fall of the American Empire is written in the language of energy. But unlike Britain, which declined as rapidly as it rose, the American rise and fall is less spectacular (at least so far).

Before getting to the data, I’ll point out an important ...

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EconoFiction

Stocks Are Up. Wages Are Down. What Does it Mean?

8 Sep , 2020  

If you listen carefully, you can hear Jeff Bezos getting richer. There’s the sound again. Another billion in Bezos’ coffers.

Let’s put some numbers to this sound of money. Since 2017, Bezos’ net worth has grown by about $4 million per hour — roughly 500,000 times the US minimum wage.1 This ...

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