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Category Archives: economics
(H/t The Blaze) In my neighborhood in Japan, one dollar can buy 5 ounces of raw pasta, about 2 ounces of raw rice, a bottle of water, 1/4 cup of coffee, or a small candy bar.
The Heritage Foundation has a fascinating new article which uses US Census data to explore the nature of poverty in America. While the article should be read in full, for the moment let us just focus on the following graph. … Continue reading
Today’s headline in the Financial Times declares, “China poised to pass US as world’s leading economic power this year”. This headline is misleading, however, as deep in the article, it notes that it is using the gross GDP as adjusted … Continue reading
Rural Japan has been hit hard by the recession, and for better or for worse many Japanese are looking to Prime Minister Shinzo Abe for economic recovery. This rusty storefront has posters for the Liberal Democratic Party and local LDP … Continue reading
… and opportunity is disappearing. Zero Hedge has posted two charts that tell us all we need to know about the state of the US labor force today:
Related articles FDR and the New Deal Did FDR’s policies help or prolong the Great Depression? 80 Years Ago FDR Ordered The Confiscation Of Americans’ Gold
A zero-sum game is a game where there must be a winner and there must be a loser. Better yet–a zero-sum game is a game where one person’s winning necessarily entails another person’s losing. Imagine a pie. For one person … Continue reading