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Daily Archive for October 12th, 2012

We’ve been fighting wars in Afghanistan, Iraq and elsewhere in the “War on Terror” for almost a decade. And good thing for that! Just imagine how bad the “Great Recession” would have been without all of that economic stimulus! Just think of the devastation to the US labor market if all of those soldiers appeared […]

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For much of the 20th century, if one was to look at the share of national income that ended up in the pockets of “capitalists” versus in the hands of laborers, you would have seen something very surprising given the conventional wisdom. What you would have seen is that in evil, greedy, capitalist America, workers […]

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