Professor CJ interviews me about the movie War Machine, which is based on Michael Hastings’s book, The Operators: The Wild and Terrifying Inside Story of America’s War in Afghanistan.
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...