MiB: Angus Deaton on America’s Wealth & Inequality
This week, we speak with Sir Angus Deaton, who was awarded the Nobel Memorial Prize in Economic Sciences in...
America’s Enormous Math Mistake’s Mistake
@TBPInvictus here; Let’s cut to the chase: “America’s Enormous Math Mistake” is a popular video on YouTube...
Wealth Inequality Starts at the Top
Source: FRED Wealth disparities get ever more lopsided the higher up the economic strata you climb; there is more disparity with...
Americonned
@TBPInvictus here: Contrary to 40+ years and counting of “trickle down” narrative, the reality is that the gap between...
Are Labor Costs Driving Inflation? (No)
“Tight labor markets have raised concerns about the role of labor costs in persistently high inflation readings....
Want More Jobs? Raise the Minimum Wage
I have been writing about issues with the minimum wage for (it seems like) decades. During that time, consuming lots of academic...
How Much Money Buys Happiness?
I love the idea of convergence — those rare times when multiple stories about very different issues seem to all land on the...
Billionaires Index
Source: Bloomberg Billionaires Index I was in the midst of my analysis of how the Fed would react to softening wage gains...
Why Aren’t There Enough Workers?
Last Friday’s strong payroll data led to lots of chatter about the current labor situation. Often oversimplified and lacking in...
Top 0.1%: How Much Wealth Does It Take?
I was working on a longer piece about which economic strata the Fed has the greatest impact on (its more complicated than you...