New Orleans Time flies by, and you realize you haven’t had a raise in four years, even as inflation as decreased the buying power of those dollars by more than 23% according to the Bureau of Labor Statistics, meaning essentially, you’re only making about 80% of what you remembered. Average pay now is over …
Category: Economics
Inflation and the “Moral Economy”
Marble Falls The very notion of a “moral economy” or even the question of whether or not inflation is “morally wrong” caught my eye when I breezed past it flipping through an issue of The Economist. I ripped the page out on the plane and stuffed it into my bag to study at …
Technofeudalism and Sanctions
New Orleans In the cheap seats where most of us sit, it’s often mysterious to understand the economic and political gyrations between countries. We read about it, wonder for a moment, don’t have much of a clue other than a hope and prayer of understanding, and then go on. Sanctions are a prime …