New Orleans     The United Kingdom based, conservative weekly, The Economist, with their tongue somewhat in their cheek in 1986 came up with a smart-alecky thing they called the “Big Mac Index” as a way to explain currency evaluations between various countries.  Given the ubiquity of McDonald’s and its golden arches around the world, …

            Pearl River      Every once in a while, in trying to understand oppositional arguments from conservative economists, I try to wrap my head around their arguments.  This is especially hard these days in the US in the middle of the governmental shutdown, which of course is less about economics than it is about power, the …

            New Orleans       For years, economists and policymakers have written and spoken about generational wealth and the huge transfer that is happening now.  For all of the talk, governments don’t really publish statistics about inheritance, so what is the happening?  Some time ago, The Economist took a shot at figuring out the “annual inheritance …