
Economics as if wealth mattered
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I came across a pretty eye-popping economic fact recently: The typical payment on a new mortgage for an average American residence has ~doubled since 2019.1 It was $913 in Dec. 2019; it’s $1,789 today. (Causes: increased home prices, and th...
If there’s one armchair economic truism that I give high credence to, it’s declining marginal utility. The first ice-cream cone you eat on a hot sunny day delivers a lot of utility. The second, significantly less so. (With ice-cream cones,...
There are a lot of pathways and mechanisms in the US and worldwide that deliver wealth to assetholders, and that have perennially concentrated that wealth (hence power) into the hands of dynasties over millennia — notably over recent decade...
“The greatest trick capital-gains
income ever managed was convincing
the world that it doesn’t exist.”
—Carlos Mucha (inventor of the PlatinumCoin)
This post draws on a far lengthier and more detailed paper — including suppo...
This BlueSky bleet really raised my eyebrows. Check out the whole thread.
I think my gentle readers will guess that I share these sentiments. But the thing that raised my eyebrows was the explicit suggestion that we should lower national p...
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The writers behind this newsletter.
National-accounting nerd and full-throated progressive economic populist, social democrat. Seize the wealth and income. wealtheconomics.substack.com
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