Our series on the modern economy ends with what lies ahead: the future economy.
Is the disparity between wage growth and economic growth really something to fret about? Continue reading “Is the supposed wage stagnation something to worry about?”
“At that very hour, some Pharisees came to Jesus and told Him, ‘Leave this place and get away, because Herod wants to kill You.’ But Jesus replied, “Go tell that fox, ‘Look, I will keep driving out demons and healing people today and tomorrow, and on the third day I will reach My goal.’” –Luke 13:31-32 (NIV)
Observation #1: Herod was a politician
Observation #2: Herod wanted to kill Jesus
Observation #3: Herod had the political clout to kill Jesus.
Observation #4: Jesus showed no signs of being intimidated by Herod (or any other politician).
Observation #5: Jesus showed no signs of being starstruck by Herod (or any other politician).
Observation #6: Jesus unabashedly referred to Herod by a term that clearly denotes a criticism of Herod’s character.
Observation #7: Jesus did not regard the criticism of politicians as an ungodly, disrespectful, ungrateful, entitled, or whiny act.
View original post 357 more words
Yanis Varoufakis, a prominent European economist and former finance minister of Greece, gave a Ted Talk and was featured on NPR’s Ted Radio Hour on the episode “Democracy on Trial” that recently aired. This episode was recommended to me by a friend that thought I would enjoy the discussion as I am always interested in economics and politics. I have to say, I did thoroughly enjoy this episode, but not because I agreed with the message but because of the overwhelming disagreement I have with the message, in particular, the one by Varoufakis.
Our exploration of the formation of the modern economy picks up in the aftermath of the dot-com crash that cost our drunk uncle a pretty penny. Our rollercoaster economy spent the early years of the millennium clinking and clanking back up to the top of the track. But, it was the stomach-churning drop into the Great Recession that defined our generation’s entrance into the workforce. Continue reading “How the Great Recession Shaped Millennial Careers”
Just some of my thoughts on why I am partial to the Austrian school of economic thought when tackling and studying economic issues. It was a response to an inquiry into my views on other heterodox schools and economic perspectives.
tl;dr There isn’t enough information and knowledge to be able to control economies and alleviate market failures. Austrians know this and other schools don’t care.