Category Archives: Economic fundamentals

How the Fed Boosts the 1%: Even the Upper Middle Class Loses Share of Household Wealth to the 1%. Bottom Half Gets Screwed

It is bizarre to see the Fed present data showing the Gilded Age level of wealth accumulation by the 1% as if that were a badge of honor.


Thomas Piketty’s New Book: Impressive Research, Problematic Solutions

Capital and Ideology is a quantitative history of inequality, a largely noneconomic theory of social stratification, an investigation into the social roots of current populism, and a political manifesto for the European left.