An Update: the $79 Trillion Heist
The scale of income transfers from the bottom 90% to the top 10% over the past 50 years just got larger! I have written at […]
income inequality
What is financialization and why does it matter? – part 3
Changes in Economic Policy and Regulation In two earlier posts, “What is financialization and why does it matter? – part 1” and “What is financialization […]
Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes
Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]
Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes
Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]
American Compass – their conservative economics get it right, mostly
American Compass is a self-described think tank for conservative economics. From its Mission Statement page: “We are developing the conservative economic agenda to supplant blind […]
35 Years of Wage Stagnation and Middle-Class Life in the US – a concrete example
For the period between the end of WWII and 1979 there was productivity growth of ~ 55%. That means that for an hour’s work, the […]
Book Review – Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David Gibbs
Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For […]
Three charts that define the last 45 years in the US
Its the time of year for summations, usually for just the previous year. My selection of charts explains much of the past 45 years for […]
Video Post – the $47 Trillion Rip Off
A video version of the earlier post, “$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few […]
Wealth & Poverty course from Robert Reich – UC Berkeley
Reich is offering an online course, “Wealth & Poverty”, that started today. I watched the first lecture, “What Happened to Income and Wealth?” Looks like […]