I have written many times that the subsidies to Wall Street and its employees have distorted economic outcomes for a handful of folks relative to the rest of us. So I want to start by pointing out that there is
Russ Roberts has been looking at the same basic report that I just did a post or two ago and has decided to concentrate on something rather different. Which is to explore the idea that the stagnation of the 99%'s income between 1970 or so and 1990 was a result [...]
Why are Americans reticent about exercising American power? Because the powers that be have crushed their unions, emptied their retirement accounts, foreclosed on their homes, and sent young American men and women to fight wars overseas that drag on forever.