The US Senate *majority* represents a *minority* of the population and a minority of the economy. The very structure of our government is flawed—and it’s exactly what the protagonists of the US Constitution feared. Lot […]
Short version (to be elaborated on in future post): UBI (and M4A and affordable housing) raises reservation wage –> shifts labor supply curve —> new (higher) equilibrium wage.
I like to think this blog is about my own ideas, but sometimes something comes along that’s worth repeating. This is one of those. “The late Ryszard Kapuściński coined a striking term to describe those […]
“Every particle in nature has an amplitude to move backwards in time…”
Capitalism defeated Communism? More like de facto socialism defeated Russian imperialism. Here’s why.
Billionaires aren’t winners of an actual free market. Their companies (eg Microsoft, Amazon, Facebook, Berkshire Hathaway, et al) are price-setting, not price-taking, monopolies, monopsonies and oligopolies. Investors don’t want to invest in companies with competition. […]