There was this report of limited withdrawals the other day, but now the WSJ is saying they’re quitting the war against the Houthis entirely, and now are going to focus on fighting their al Qaeda and ISIS allies. Who knows?
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...