America’s tax system was built by capitalists for capitalists, for incentivizing job creation and business innovation, for encouraging class mobility. It’s a cornerstone of American democracy in a nation regarded as the exemplar of democratic capitalism. It succeeded spectacularly in the 20th Century, driving America’s...
Goldman Sachs issued a stern warning on July 28, 2020: There now are “[r]eal concerns around the longevity of the US Dollar as a reserve currency,” noting that “expanded balance sheets and [America’s] vast money creation spur debasement fears.” Are those fears warranted? Is the US...
The Federal government is giving away money to bailing out America’s airlines. With Covid-19 ravaging airlines’ bottom lines, many believe this to be appropriate, an economically-wise decision. It isn’t. There are terribly consequential choices that governments have to make in order to ensure the well-being of their...
Inflation and deflation are often thought of as macroeconomic trends that impact broadly on national economies. Not always so. Although historians are prone to define periods broadly as inflationary or deflationary, they most often are doing so by measuring only labor and retail price movements....
Coronanomics 201 America’s wealth is eroding. Its economic pie is shrinking …, and slices soon will be getting smaller. The focus of Coronanomics 201 is on the size of America’s metaphorical wealth/wealth-creating pie …, and on how its size has been affected by the novel Coronavirus. America’s...