“The problem for Warren (who should know better) and others like her (who often don’t) is that there is a lot more juice in the moralistic account of economic problems than in the economic account of economic problems. To make things worse, the moralistic account offered by Senator Warren is untrue. Americans are not incapable of being anything other than passive victims of forces beyond their control. “
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From Carpe Diem Monday Night Links Looking at household income instead of average wages, the chart above paints a much different picture of an America with rising incomes for many American households and lots of upward income mobility, using recently updated
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How Can The Middle Class Be Saved? It’s Not An Easy Job- by Robert Samuelson in Investor’s Business Daily Excerpt: History teaches us that we have less control over our economic destiny than is often assumed. At every juncture in
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from 15 Statistics That Destroy Liberal Narratives by John Hawkins in Townhall: Sentier Research, a firm led by former census officials, used census data to tabulate an estimate of the median household income — how much is earned by families at the
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from USA Today, Glenn Harlan Reynolds writes Middle-class savings like blood in the Water: When a government is desperate for cash, it goes after the middle class, because that’s where the money is. Yes, the rich are rich, but the
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Corporate earnings are improving, but unemployment remains high. These are not unrelated. As the weak economy has held down wage increases, this alone will translate into lower costs and better profits. But this is true only if high competitive pressures
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While I share the great concern about her destructive economic policies of this administration, I am getting a contrarian tick about the dollar and gold. Every right wing talk show and business TV show is flooded with adds selling gold
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There are those who see our financial problem as a moral failure. In one sense it is, but not in the sense those who wish to frame it in moral tones believe. To blame greed for the meltdown is simplistic
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