Economics

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How Massive Inequality Happens

Tuesday, June 2nd, 2015

Recently a French economist named Thomas Pikkety wrote a book called Capital In The Twenty-First Century.  It’s been getting a lot of positive reviews.  He tracks the overall dynamics that lead to vast accumulations of wealth and capital.  After carefully analyzing datasets over twenty countries which span centuries, he concludes that absent major political change, […]

Japan’s Birth-Rate Plummets

Sunday, January 5th, 2014

Over the years, I’ve often talked about how technology is displacing workers and reshaping the way we interact with one another.  I mentioned a new movie which comes on January 10th, Her, where people are all immersed in conversations with their computers and no longer interact with each other.  While our technological advances are bringing […]

U.S. National Debt and The Deficit

Friday, November 1st, 2013

The United States national debt is at roughly $17.2 trillion dollars and growing every day.  A lot of us are asking how we got in this fiscal mess, and things are getting pretty heated.  I’ll try to shed a little light on a very complicated issue. First, we can address the primary causes for why […]

Technological Unemployment: The Jobless Recovery

Sunday, March 10th, 2013

The CBS program 60 minutes just recently featured two MIT economists who addressed why unemployment has been so stubborn.  Millions of workers are being displaced by technology, whether it be robots, software, or algorithms.  They’re projecting that within a few generations, most all jobs will be done by machines and human workers will be unnecessary. […]

How Bad Is Wealth Inequality?

Wednesday, March 6th, 2013

It’s much worse than you think, believe me.  You probably didn’t know that 80% of all Americans only have 7% of all the wealth.  The top 1% have 40% of the wealth.  The average CEO makes 380 times the salary of his average worker’s wage.  Watch this video and be amazed. I’ve watched my hometown […]

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