Entrepreneur, progressive sometime 1%er. (Tax me more.) Addictive reader: trash to tomes. National-accounting & econ geek. Evolution and Shakespeare dweeb. Besotted father. From MO; show me the #s. https://wealtheconomics.substack.com/about
Steve Roth
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Unearned property income received simply for owning stuff forever winning vs earned labor income, received for doing stuff. Thanks, Reagan.
“Vibecession”? People feel like the American economic system has been completely enshittified, all the way down. And at the very top, in spades.
It’s pretty hard to say they’re wrong about that. (Thanks, Reagan.)
New post at Wealth Economics, that I've been meaning write forever. I'd love to hear thoughts.
wealtheconomics.substack.com/p/where-asse...
FWIW, overall takeaway across a couple of dozen higher-income countries: In every country (except China?), <50% think AI will be good for job markets.
🇺🇸 Raising a flag here for Antifa day. 🇺🇸
Explaining Social Security:
🧵 x.com/PikettyWIL/s...
www.minneapolisfed.org/article/2026...
Zooming all the way out, what are the mechanisms that create new assets in the world?
June 6 is D-day, probably ANTIFA's most heroic moment.
Dude, getting any job that wasn't a fucking scam was so difficult and soul breaking. This shit fucking sucks, and we need a proper work program and a UBI right the fuck now
the 1983 amendments were built on impressively accurate demographic projections that accounted for the baby boomer retirements (and fertility, longevity, immigration). What they didn't account for was the post-Reagan explosion in earnings inequality or the poor fiscal response to the GR... 3/4
