In Episode 91 Tommy looks at the death of Muhandis, and its potential meaning for US military in Iraq. Hassan Nasrallah called upon Hezbollah sympathizers to carry out attacks on US military personel and facilities in order to pressure the US to leave the region. What does that look like? Is it good or bad? And how long will it take?
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...