The $4 trillion created by the Federal Reserve as part of the 2020 stimulus program appears to have gone entirely to the top 1% wealthiest people in the world.
Category: Economics
The average cost of getting a new drug to market is $1.3 billion.
The primary recipients of newly created money are currently banks and corporations who are able to borrow from the Fed almost 0% interest and loan this to the public at much higher interest rates.
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A World Run By Economists
If only economists could run for office, the the compound interest on more efficient resource allocation, would have produced a utopia with flying cars by now.
This chart shows when the cost of the average stock (the S&P 500) exceeds its underlying value (corporate profits after taxes).
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Long-Term Trends in Human Well-Being
For millennia, everything sucked. Then something magical happened!
U.S. stocks gained 21% for the first two years of the Trump administration. versus 71.2% in the first two years of the Obama administration.
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How much money is there in the world?
In 2017, the entire world produced about $127.8 trillion of wealth (GDP).
0% of economists expressed support for tariffs in a recent poll.
The financial sector receives more of the average paycheck than any other sector of the economy. Its share of the economy totals $2 trillion dollars. In 1985, the financial sector earned less than 16% of domestic corporate profits. Today, it’s over 40%. In the 1960s, finance and insurance accounted for only 4% of GDP, whereas in 2007 […]