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    Economics / economic policy, growth, plutocracy, wages /

    Does it Matter?

    January 7, 2014

    To some people there are signs that 2014 will be a better year than 2013 for the economy. Not much better perhaps, but better. Perhaps. I think the most likely outlook is for prolonged tepid growth. But, perhaps, the more interesting question is whether the improvement will matter much or at all to most Americans. […]

    Economics / plutocracy, tax policy /

    Skill or Dumb Luck?

    January 2, 2014

    Both. Be very wary of anyone who claims that their wealth is the result of great skill. Or even hard work. Luck had to play a part. Usually a very significant part. And dumb luck ought not be the basis upon which we build intelligent, caring, or stable societies. Be wary, also, of arguments against […]

    Economics / austerity, business investment, consumption, demand, economic policy, economic theory, government spending, growth, plutocracy, stagnation /

    2014: Same as 2013?

    January 2, 2014

    Well, it looks that way. We seem to be stuck in something akin to the mud that engulfed my neighbors car a week or so ago. There’s lots of huffing and puffing, by those with a job at least, and not much coming out the other end. The experts call it stagnation. The rest of […]

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