Tag: economics

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 upper class? First, $75,000 household income is hardly “upper… Continue reading The Daily View: Economics and Finance Edition

Explaining America’s Economic and Social Stability

Fred Reed ponders the ‘endgame ‘ for America. Things do not look good. The country is disintegrating. The borders are open, against the will of much of the population. Our universities are in sharp decline, the students a rebellious unschooled rabble portending a peasant future. The economy gutters and standards of living fall. Jobs are… Continue reading Explaining America’s Economic and Social Stability

Marshmallow ‘deferers’ vs. ‘eaters’

Since 2008, economically and socially, we’re also seeing the rise of the ‘deferers’ – the high-IQ kids who deferred eating the marshmallow, now grown-up, and are reaping all the fruits of prosperity in our ‘new economy’, getting richer than ever while the ‘eaters’ are on the lower echelons of society, stuck with crappy, low social… Continue reading Marshmallow ‘deferers’ vs. ‘eaters’

National Review Writer: Working-Class Communities ‘Deserve To Die’

Online, there is a storm brewing over NRO’s Kevin Williamson’s derisive comments about working-class communities, with outrage from pretty much everyone. Here is the pertinent passage: “The truth about these dysfunctional, downscale communities is that they deserve to die. Economically, they are negative assets. Morally, they are indefensible,” More information here and here. You have… Continue reading National Review Writer: Working-Class Communities ‘Deserve To Die’

Stock Bull Market Continues, Seven Years Later

The 2009 bull market is third-longest in history: Seven-Year Anniversary: From the Depths of the Crisis, a Bull Run If you go back to the archives and other posts, you will see that I was among the few pundits who called for a continuation the bull market, even as far back as 2011, as everyone… Continue reading Stock Bull Market Continues, Seven Years Later

Pencil Pushers and The Miracle of Capitalism

Although I often rail against collectivism, an exception is collectivism in the context of a firm. The miracle of capitalism and comparative advantage is that it gives a high standard of living to otherwise mediocre people. To go somewhat on a tangent, consider the somewhat grim prospects of self-publishing (indie) writing, a topic I have… Continue reading Pencil Pushers and The Miracle of Capitalism

The Daily View: Math Resurgence, Economic Growth, Student Loans

The Math Revolution:The number of American teens who excel at advanced math has surged. This agree with earlier posts I have written countering the commonly held belief that America is ‘dumbing down’, when in fact it may not be. It also agrees with posts about the rise of ‘nerd culture’, and how STEM skills are… Continue reading The Daily View: Math Resurgence, Economic Growth, Student Loans

Web 2.0 & the Economy: It’s Different This Time, Part 2

In the past month, there have been a plethora of doom and gloom articles about web 2.0, Silicon Valley, the economy, and start-ups. In this series, I address some of the major concerns, arguing that perhaps the negativity is not all warranted. Part 1 From Amerika.org: The coming dot-com 3.0 collapse: Google, Apple, Facebook, Amazon… Continue reading Web 2.0 & the Economy: It’s Different This Time, Part 2