“The Financial Jigsaw” has been serialised here and is replaced by this weekly “Letter from Great Britain.” NOTE – If anyone would like an electronic copy of the complete book, I should be pleased to email a free PDF on request to: peter@underco.co.uk. THOUGHT FOR THE DAY: “The saddest aspect of life right now is […]
Given that political power in America is a pay-to-play auction in which the highest bidder wins, how this incomprehensibly lopsided ownership of wealth plays out is an open question. Wealth inequality easily falls into an abstraction unless we contextualize it in meaningful ways. I’ve annotated two St. Louis Federal Reserve (FRED) charts–the net worth of America’s top […]
Scott Adams has lost his career because of a “racist rant.” It was hardly a “rant.” His video remarks were perfectly calm. They are still up, and though he has backtracked a bit since, he hasn’t taken it down. He’s not bowing, scraping, and apologizing. The part that doomed him was his comments on a Rasmussen poll that found 46 […]
