My Comments: As an economist, I’ve talked consistently about the threat to society posed by income inequality. My rantings make zero difference at the national level, where if this issue is not addressed, there will be rioting in the streets. A friend and I talked this morning about the apparent collapse of societal norms he …
Tag: economics
Capitalism’s excesses belong in the dustbin of history. What’s next is up to us
My Comments: Some of you will not bother to read this. Like when you’re in the car looking for a radio station and you hear classical music or country & western; you can’t stand either so you just move on. But we all have a responsibility to our children and grandchildren. So, in my opinion, …
Continue reading Capitalism’s excesses belong in the dustbin of history. What’s next is up to us
The Business Case for Fighting Growing Inequality
My Comments: I consider income inequality the greatest existential threat to our democracy. It manifests itself as a shrinking middle class in these United States. It has the potential to erode what we think of as rational and peaceful co-existence among nations globally. It’s what continues to drive the tensions and conflict in the Middle …
Continue reading The Business Case for Fighting Growing Inequality
The Next Recession
My Comments: It’s a given there will be a ‘next recession’. People much smarter than me say it’s not many months away. It’s a normal event and we’ll most likely survive. What we may not survive, however, apart from a random collision with an asteroid, are the effects of income inequality across the planet and …
“…the Nature of Capitalism”
My Comments: There are changes afoot, and 45 and his cronies seem to have few clues. Or, more likely, they don't give a damn. The disparity between those at the top of the economic food chain and the rest of us not at the top, is called ‘income inequality’. The different approach taken by the …
Bull Market Complacency Calls for Caution—and Action
My Comments: Today is Monday, when I post something about investments. Scott Minerd is not only a global figure in this environment, he has the ability to reduce complex ideas to where even I can understand them. His message, as I understand it, is continue to ride the bull, but be prepared to panic at …
Continue reading Bull Market Complacency Calls for Caution—and Action
Growth Is Not Dead, But It Is Dying
My Comments: My post on May 26th last about Demographics and Money suggested reasons why economic growth in long established nations will be nothing to brag about going forward. Despite the current Administration suggesting a return to not just 3% annual growth for the US economy, but wait for it, 4% annual growth, it’s just …
CBO: Conservative Bulls**t Obliterator
My Comments: I am relatively powerless as one of some 325M people living in these United States of America. But I have a voice and at least a few people read my blog posts. I’m disturbed by 45’s apparent glee in ceding global economic and moral leadership to China and Germany and other nations. I’ve …
Ethanol In Our Gas?
My Comments: Do you ever notices those little signs on the gas pumps? The small notices that tell us 10% is actually not gasoline? Do you ever wonder why they are there? Me neither. Clean air, global warming, political deal making, the Paris Climate Agreement - who knew this stuff was so complicated? William O'Keefe …
Re-Negotiate NAFTA?
My Comments: The North American Free Trade Agreement was passed by Congress on 11/30/1994. It was approved by 34 Republicans and 27 Democrats. It’s purpose was to increase trade across North America without creating a single currency among the three countries involved. 22 years later, industries specific to each country have evolved to reflect strengths …
Helping Define Your Financial Future 