The Daily View: Economics and Finance Edition

Interesting: Yes, the middle class has been disappearing, but they haven’t fallen into the lower class, they’ve risen into the upper class The middle class is shrinking because they are earning more money, rising to the ‘upper class’. Disagreement: Is the middle class disappearing into…

The Free Trade & Globalization Debate

From Vox Day: The Price of Free Trade In the context of this debate, ‘free trade’ includes exports, offshoring, and insourcing & outcsourcing (of labor), or just simply globalization. The problem with macro economics is with the exception of the fundamentals (like comparative advantage), there…