If you paid attention to the news, you probably have seen a wave of labor strikes across the United States. There’s the Writers’ Strike that started on May 2nd, 2023, and is ongoing. Now, the actors have joined the picket lines when negotiations fell apart with Alliance of Motion Picture and Television Producers (AMPTP). As … Continue reading LABOR STRIKES & THE MAL-DISTRIBUTION OF WEALTH. (REVISED).
Tag: economics
Australia’s Austerity Measures. What Can We Learn From The Real Cause of the Home / Rental Crisis?
60 Minute Australia aired an episode about the high costs of living crisis in Australia, which includes the high cost of goods and services that occurred due to the pandemic. Around the world, countries are raising interest rates to handle and tame the raging inflation. Basic economics, right? Inflation came from the money printing machine, … Continue reading Australia’s Austerity Measures. What Can We Learn From The Real Cause of the Home / Rental Crisis?
Response to the Race in Economics Dilemma.
There are two broad perspectives on social class: Class status as having access to a continuum of resources, with richer people above poorer people on the socioeconomic ladder (on the left) Class as a set of discrete groups, with smaller, higher classes stacked on top of larger, lower classes (on the right) Thomas Sowell in … Continue reading Response to the Race in Economics Dilemma.
The Wizard of Oz as a Monetary Allegory. The Historical Reference on Economics and Populism in America.
The surprising and yet probably not a coincidental connection between The Wizard of Oz and the economic and political storms that led up to the Gilded Age (1870-1900). Some argue there is no connection, while others argue there is. Sometimes critics see more than what the artist (author) intended. Whatever the truth may be, it … Continue reading The Wizard of Oz as a Monetary Allegory. The Historical Reference on Economics and Populism in America.
Those Who Knew (2007-08 Financial Crisis).
There were many who warned about a coming financial storm. The housing crash that led to the Great Recession (2007-2009) was not a black swan event contrary to popular belief by the traditional media and many of those who occupy positions of power in the capital of the United States, Washington D.C. A black swan … Continue reading Those Who Knew (2007-08 Financial Crisis).
The Century of the Self & Ideas to Consider or Not.
The Century of the Self by Adam Curtis. The Century of the Self is probably one of the best documentaries ever made. I saw it a few years back, and it changed my whole perspective, and I rewatched it recently having more experience and knowledge of history, social theory, and psychology. It talks about the … Continue reading The Century of the Self & Ideas to Consider or Not.
Big Claims Requires Extraordinary Evidence.
https://www.youtube.com/watch?v=GNTczyGLdhc Charlie Munger Interview Charlie is a 98-year-old wise man at the end of his life. There are some things I agree with him and some things I disagree with. He talked about a quote from Warren Buffett, "It is not greed that drives the world but envy." In my view, in some cases, … Continue reading Big Claims Requires Extraordinary Evidence.
Macro-dosing Taxes and Inflation.
Milton Friedman famously said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” “Monetary economist Milton Friedman made this line famous after stating it in a talk he gave in India in … Continue reading Macro-dosing Taxes and Inflation.
Yeah, They Call Me Rabbit, This Is A Turtle Race.
https://www.youtube.com/watch?v=t6V9i8fFADI There’s a Vox video relaying ways the rich avoid paying taxes and how problematic that can be. What the Vox video doesn’t mention are the plenty of other tax loopholes some of the elites do such as donating an artifact or an expensive art piece to a museum (ahem, Ken Griffin). Another way … Continue reading Yeah, They Call Me Rabbit, This Is A Turtle Race.
Corporate Vs. State, The Mass Exodus, & To Tax or Not To Tax.
There's a huge discrepancy between the wealthy and some states' plans with taxes. I’m reminded once again by the famous economist Milton Friedman’s many spot-on quotes, “people vote with their feet.” Rich people and big corporations aren't stupid, they will go to other places where there are less or no taxes and more especially more … Continue reading Corporate Vs. State, The Mass Exodus, & To Tax or Not To Tax.
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