Prior to 1971, productivity growth was very closely tied to wage growth. However, around 1971, there was a stark and sudden decoupling between...
Federal Reserve
6 posts in this category
The Fed is printing money and giving it to Zombie Companies. These are firms that don't survive by producing value for customers. They survive by...
In 2020, the Federal Reserve created $4 trillion in new money. Where did it go? The St. Louis Fed's data shows the top 1% gained exactly $4 trillion...
When the government creates new money, how is it possible to distribute it without someone just getting a bunch of free money for nothing? The answer...
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....
Image by Ed Hall (halltoons) Americans built 14 million houses nobody needed. At a median price of $160,000, that's $2 trillion in wasted resources....