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Broke Is the Perfect New Sitcom for Our Sudden Economic Downturn
Broke. CBS. Thursday, April 9, 9:30 p.m. Most mainstream economists agree that the country isn’t technically in a recession until sitcoms about busted blue-collar families appear on three major broadcast networks at the same time. With the arrival of CBS’ disarmingly funny Broke, we’re officially insolvent, and you can play your old Gary (U.S.) Bonds records until your agonized neighbors use broken […]
Equality and Levelling Down
The British philosopher Derek Parfit, who died in 2017, was by no means a libertarian. So far as I know, his political views were conventionally leftist. But he destroys egalitarianism with his levelling down objection. If you say that equality of wealth or income is morally required, aren’t you committed to the following strange consequence? […]
Before You Use Our GPS Travel Data To Formulate Coronavirus Policy, Make Sure You Understand the Data
Companies are using aggregated GPS location data to track trends on how well citizens are changing their habits in response to COVID-19. While this information might be helpful, it has also prompted some unsettling and maybe misguided power plays. It started in mid-March, when Unacast, a company that tracks and analyzes location data from people’s […]
Capital Accumulation: The Way to Increase Wages
It is clear that arbitrary minimum wage laws are not only ineffective, but actually detrimental to real wage growth. So what type of action results in increasing wages in the United States, or any country for that matter? The only way to raise real wages is to increase the per capita amount of capital invested […]