The rising asymmetry of rewards within our economy has many drivers. We all know the middle class that actually owns capital and wields political influence is shrinking. As I noted last [ … ]

This post has to be kept brief. I want to reduce the opportunity for vigorous debate or even an unvigorous one. “Go west young man” was the glass half full, [ … ]

Adorable child wearing glasses in the first row turns to face the crowd, he has a big book in his hands, he opens it and reads “Same Shit Different Day. We know [ … ]

Debt is serfdom, capital in all its forms is freedom. If we accept that our financial system is nothing but a wealth-transfer mechanism from the productive elements of our economy [ … ]

This is criminally long. It will probably leave no  space on the internet for anything else. It was published in the magazine of Army Times in 1979. It describes a Parris Island that [ … ]

A charming animated free-market poem by Russ Roberts, on the invisible hand, at http://wonderfulloaf.org The “read the poem” link includes much interesting annotation. Mild critique: I would rather the “planner” be [ … ]

No wonder the “middle class” has lost political power–it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase in [ … ]

Unprofitable work is abundant. Profitable work is scarce. Businesses have pushed the unprofitable labor burdens and work to its consumer. ‘What’s next’ is a capitalist system collapsing in on itself. [ … ]

For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback. This is true of ecosystems and [ … ]

Everyone wants an abundance of “good paying” jobs, but employers can only afford to pay employees if the work being done is profitable. What’s abundant and what’s scarce? The question matters [ … ]