Published Articles

On the math, the current recession has long become a depression. No real improvement is expected until the end of 2014 at the earliest. That’s at least seven years of bad stuff going down in the Realonomy. READ MORE

January 26, 2012

it’s completely ridiculous to measure the size of government in terms of spending. Most government “spending” is just money that passes through government hands on the way from one person to another. The simple fact is that American government is small and shrinking. READ MORE

January 18, 2012

Leaving aside the Plutonomy, the rest of the economy where the “other 99%” of the population live is the Realonomy. The Realonomy is the Plutonomy as experienced by the other 99% who are not mass-affluent, near-wealthy, wealthy, or super-wealthy. READ MORE

January 12, 2012

Many wealthy Americans simply don’t bother to declare their full incomes. They can do this safe in the knowledge that IRS audits these days are as rare as hens’ teeth. READ MORE

January 9, 2012

The real European crisis is human. New graduates can’t find jobs. Qualified young professionals are working in bars and restaurants. And many of Europe’s most capable, most entrepreneurial youth are simply moving overseas in search of better opportunities. READ MORE

January 5, 2012

How do we get big firms to hire? We regulate them. Americans used to take it for granted that big firms should be regulated, just as they now take it for granted that big firms should be left alone. READ MORE

January 3, 2012

Had the minimum wage been indexed to per capita personal income growth starting in 1974, the minimum wage today would be $14.41 an hour. READ MORE

January 2, 2012

Where has all the growth of the last ten, twenty, forty years gone? It’s gone to the rich, super-rich, and ultra-rich. The wealthy 1% of the US income distribution have seen massive gains since 1973 – but especially since 1999. READ MORE

December 29, 2011