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...

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...

Plutocrats and Plutocats A “plutocrat” is a person whose wealth gives him power – put simply, a “plutocrat” is a very, very rich person. Recently, however, the media and politicians have begun using the term “plutocrat” negatively pointedly … as a disparagement, a label that...