income inequality

Blog

We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History

And how do things usually work out for the rat?
Friday, August 17, 2018, 7:10 PM

This global flood of freshly-printed 'thin air' money has no parallel in the historical records. All around the world, each of us is part of a grand experiment being conducted without the benefits of either prior experience or controls. Its outcome will be binary: either super-great or spectacularly awful.

If the former, then no worries. We'll just continue to borrow and spend in ever-greater amounts -- forever. Perpetual prosperity for everyone!

But if things hit a breaking point, then you had better be prepared for some truly bad times. » Read more

Blog

Melissa E Dockstader/Shutterstock

The Pie Is Shrinking So Much The 99% Are Beginning To Starve

How much longer until the pitchforks come out?
Friday, January 26, 2018, 11:04 PM

Despite the endless media rah-rah about “growth” and “recovery,” it is self-evident to anyone who bothers to look beneath the surface of this facile PR that the pie is now shrinking. 

This dynamic is increasing inequality rather than reducing it. » Read more

Blog

Shutterstock

What Could Pop The Everything Bubble?

A crisis that can't be solved by just printing more dollars
Saturday, October 28, 2017, 1:37 AM

The policy of creating trillions in new currency and buying trillions in assets has inflated an 'Everything' Bubble -- a bubble in all the asset classes being supported or purchased by central banks and their proxies.

Many observers wonder: What, if anything, can pop this? » Read more

Featured Discussion

Wall St Bonus Pool Dwarfs All Minimum Wage Earnings

Wall St Bonus Pool Dwarfs All Minimum Wage Earnings

The Wall St bonus pool is 2x what all full-time workers earning the federal minimum wage make

Insider

carmen2011/Shutterstock

Off the Cuff: Look Locally for Reasons to Hope

That's where productive change is happening
Thursday, November 28, 2013, 3:22 PM

In this week's Off the Cuff podcast, Chris and Gregor discuss:

  • Unjust Wealth Inequality
    • Growing by money printing vs productive output
  • The Evils of Reflationary Policy
    • Stealing from the many to reward the few
  • Our Low-Growth Future
    • Less to go around
  • Local Solutions
    • Where hope lies