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17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

No, the economy is most definitely not "recovering".  Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. 

In fact, we are still pretty much where we were at when ...

Read more: 17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

Reads: 1718

The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed

The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed

According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.  So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just ...

Read more: The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed

Reads: 1804

Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

If the economy really is "getting better", then why are nearly 50 million Americans dealing with food insecurity?  In 1854, Henry David Thoreau observed that "the mass of men lead lives of quiet desperation".  The same could be said of our time.  In America today, most people are ...

Read more: Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

Reads: 1770

Steve Landsburg on High Frequency Trading: The Good, the Bad, and the Ugly

Steve Landsburg on High Frequency Trading: The Good, the Bad, and the Ugly

University of Rochester economist Steve Landsburg is an extremely sharp thinker who is always worth reading–even when he’s wrong, as I think he (mostly) is when it comes to so-called “high frequency trading” (HFT). But before I jump into my criticism of his latest post, let me praise a great zinger ...

Read more: Steve Landsburg on High Frequency Trading: The Good, the Bad, and the Ugly

Reads: 1759

Analysis of Retirement Reveals the Possibility of Great Socioeconomic Change

Analysis of Retirement Reveals the Possibility of Great Socioeconomic Change

Why even $1M may not be enough for retirement ... You've been saving like a miser to get ready for retirement. You've pinched pennies, kept that last car for what seems like an eternity. And now you've banked a cool $1 million for your retirement years. Think you're set? Well, you very well might ...

Read more: Analysis of Retirement Reveals the Possibility of Great Socioeconomic Change

Reads: 1733

When Opinion Becomes Disinformation

When Opinion Becomes Disinformation

When credit is too much of a good thing ... What does credit do after it has finished the job it was designed for? The supply of credit ought to stop at funding productive activity. But the reality is different. Surplus credit fuels dangerous asset price inflation and funds profligate governments. ...

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Reads: 2126

This Is What Employment In America Really Looks Like…

This Is What Employment In America Really Looks Like…

The level of employment in the United States has been declining since the year 2000.  There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed.  Thanks to the offshoring of millions of jobs, the replacement ...

Read more: This Is What Employment In America Really Looks Like…

Reads: 2245

Why Keynesian Economists Don’t Understand Inflation

The “monetary cranks” and “ignorant zealots” of old are back preaching salvation if only we had more inflation.[1] Keneth Roggoff and Fed President Charles Evans did not mince words, while others have been more circumspect. Christine Lagarde warns us of the “ogre of deflation” and the “risks” of low ...

Read more: Why Keynesian Economists Don’t Understand Inflation

Reads: 2172

How Minimum Wage Laws Increase Poverty

How Minimum Wage Laws Increase Poverty

An Open letter to Thomas Perez, U.S. Secretary of Labor Dear Secretary Perez:

Raising the minimum wage is a formula for causing unemployment among the least-skilled members of society. The higher wages are, the higher costs of production are. The higher costs of production are, the higher prices ...

Read more: How Minimum Wage Laws Increase Poverty

Reads: 2236

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