Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Capital in the 21st Century

Politics

What is the Cause of Income Inequality?

You see the problem here. Technology is most likely to take the jobs of those members of the working and lower middle classes that make the most. It also takes the jobs that provide them with some upward mobility. This

Read More
PoliticsYou Missed It

War on Wall Street Looms in Politics, Washington

The political implications of this are obvious: Wall Street is going to be a major issue in the 2016 presidential campaigns. Economic issues, such as income inequality, financial regulation, student loans, jobs, etc. will be the defining ones in the election. Those who want to win elections, or at least Democratic primaries, will have to be the most vocal in attacking it.

Read More