Search Results for: redistribution

Almost 3 Times As Many People DROPPED OUT of Labor Force As Joined It

“Rarely Does A Monthly Report On The United States Job Market Look So Terrific On The Surface While Being So Disappointing Underneath” The New York Times’ Neil Irwin gives a balanced view of the new jobs numbers: Rarely does a … Continue reading

Posted in Business / Economics, Politics / World News | 1 Comment

Piketty Is Rickety On Government Complicity

Bad Government and Central Bank Policy Are the MAIN CAUSE of Runaway Inequality French economist Thomas Piketty’s book on inequality – Capital in the Twenty-First Century – has gone completely viral. Mainstream economists like Paul Krugman and Joseph Stiglitz endorse … Continue reading

Posted in Business / Economics, Politics / World News | 13 Comments

Bank of England Admits that Loans Come FIRST … and Deposits FOLLOW

The Bank of England Corrects a Widespread Myth The above is from a new official video released by the Bank of England. The Bank of England notes in a new article: Broad money is a measure of the total amount … Continue reading

Posted in Business / Economics, Politics / World News | 32 Comments

No, Millions of Americans Have NOT Dropped Out of the Labor Force Just Because They’re Retiring Baby Boomers

Despite the Happy Talk,  Unemployment Is Still High Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels: The civilian labor force … dropped from 155.3 million to 154.9 million, which means the … Continue reading

Posted in Business / Economics, Politics / World News | 8 Comments

Global Debt Exceeds $100 Trillion

The Whole World Has Gone Into Debt Bloomberg reports: The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of … Continue reading

Posted in Energy / Environment, Politics / World News | 13 Comments