America’s middle class is disappearing rapidly. Increased taxation coupled with higher living costs are wiping out savings and making standards of living no longer tenable. Rather than respond to this problem those affected live in a depressed political apathy, throwing their support behind polar radicals like Bernie Sanders and Donald Trump whose impressive rhetoric offers…
Main stream economics teaches that deflation is a bad thing, while inflation is beneficial if held to a certain level. How this arbitrary level is ascertained is known only by those who believe in their macroeconomic models. Just what is inflation and deflation? Inflation Truths In recent history the term “inflation” has taken on new…
Robert McKeown Not too long ago I came across an interview with Nobel Laureate in Economics, Paul Krugman. In this interview, referring to the size of the national debt, he said the size of the debt didn’t matter because we “owe it to ourselves”. We do? I first thought that maybe Krugman was suggesting that…
The Blue Collar Economist 