In many ways, it doesn’t surprise me that Trump wants this. No skin off his back, right? Still, would’ve been nice of him to close it. For a few minutes during the campaign, I thought he might just to spite Obama.
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...