Government “Debt” Isn’t What You Think

debt ipo

Worrying about government debt is like worrying about the monster under the bed. The issue isn’t debt, it’s power.

New Study Shows Immigrants Boost Wages And Productivity

migrant workers

Andrea Nill: The study conclusively states, “there is no evidence that these effects take place at the expense of jobs for workers born in the United States.”

Why We Are Moving Toward a Recessionary Era

Robert Reich: The biggest ongoing threats are chronic recession or even deflation, because consumers don’t have enough money to what the economy is capable of selling at full or near-full employment. Despite gains in productivity, little has trickled down to America’s middle class.

Obama, China, and Wishful Thinking About American Jobs

China-budget

The dirty little secret on both sides of the Pacific is that both America and China are capable of producing far more than their own consumers are capable of buying. In the U.S., the root of the problem is a growing share of total income going to the richest Americans, leaving the middle class with relatively less purchasing power unless they go deep into debt.

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