If you thought federal deficits and spending would go back to normal after the covid panic, you were wrong. If anything, deficits are now on track to be bigger than the covid years.
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President-elect Trump has promised changes in economic policies. How well they work and how they will affect us remains to be seen. Here is a look at proposals that have promise—and proposals that are likely to cause harm.
With the two-month total at over $620 billion, the year-end total is likely to be over $3.5 trillion by the end of the year. That would make the next annual deficit even larger than 2020’s.
A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy.
Modern academics are relentless in trying to find any nuances they can from the works of Karl Marx, but they miss the larger issues with his work. Marx was alive and active when the marginalists logically took apart his value theory, but hope springs eternal for Marx‘s supporters.
Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s.
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A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy.
Political activists in corporate America invented the “key performance indicators” (KPIs) which make us less productive and are essentially God‘s gift to bureaucracy.