I published my take on Henry Kissinger, who died this week at age 100, in 2014, when presumptive Democratic presidential candidate Hillary Clinton was courting his support. Read it here.
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...
