Economics

« Previous Entries Next Entries »

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 […]

Charts I Don’t Like

Saturday, January 19th, 2013

For whatever reason, I’m in the mood to walk you through a bunch of charts I don’t like.  As you look at each one, you should feel terrible and depressed.   Just giving you a heads up, that’s all. First let’s look at the U.S. Federal deficit. Despite what you may be hearing, we don’t […]

Are Droids Taking Our Jobs?

Tuesday, September 25th, 2012

I firmly believe that the next one hundred years are going to be rough on the human race.  I worry that more and more people are going to be displaced by technology and our society and institutions are not going to adapt quickly enough.  When I mention this to people, they tend to tell me, […]

« Previous Entries Next Entries »