In this post by Bob Murphy, some commenters disagree with the use of the early 1970s as the point when income and wealth inequality started to become a problem. Thomas Piketty has recently gained some fame for pointing this out.
Reposted from Forbes General Motors has provided more fodder for Chief Executive Officer Mary Barra’s return engagement with Congress.The Detroit-based automaker recalled another 3.16 million 2000 to 2014 model year vehicles, according to a U.S. regulatory filing Monday. It was
Following her election win, Kathleen Wynne can finally move forward with her long-promised plans to update and expand Toronto’s transit system. The new premier of Ontario pledged to include $15 bn. of transit infrastructure for the city of Toronto and
A popular Marxist slogan is that the workers should be paid the “full value of their product.” Ironically, Austrian economists have no problem with the motto, it’s just that Karl Marx and his disciples failed to see that market forces generate
Central bankers must be getting desperate. After the futile effort to boost the global economy via synchronized money printing en masse, they are doubling down on the same failed policy. Now it’s no longer enough to produce endless supplies of
In the last several weeks we have seen another mass shooting by a disturbed teenager, as well as a horrific murder committed by two clearly troubled 12-year-old girls at the behest of internet fiction Slender Man. Predictably, tragedies like this
Paul Krugman assures his readers that his predictions and interpretations of economic events come out with flying colors. But that’s often because he ex post sets an unbelievably low threshold for success. Take for example his latest post on the