tag:blogger.com,1999:blog-8515247115132134144.post3559551834710076742..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: The Hollowing Out of AmericaStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8515247115132134144.post-47196487375495396402012-09-13T12:08:54.315-07:002012-09-13T12:08:54.315-07:00Troy (& Scott),
What the problem then becomes...Troy (& Scott),<br /><br /><i>What the problem then becomes is one of internal distribution.</i><br /><br />Indeed.<br /><br /><b>November 16, 2009</b><br /><a href="http://illusionofprosperity.blogspot.com/2009/11/why-income-inequality-really-matters.html" rel="nofollow">Why Income Inequality Really Matters</a><br />Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-41104887381468291252012-09-13T10:19:45.327-07:002012-09-13T10:19:45.327-07:00It's also consistent with my theory of Bernank...It's also consistent with my theory of Bernanke's Fallacy; which is that he thinks wage increases are always bad while asset price increases are always good.Scotthttps://www.blogger.com/profile/12392288826388903607noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-24265526334232248882012-09-13T09:28:26.359-07:002012-09-13T09:28:26.359-07:00This hypothesis is consistent with the data as cor...This hypothesis is consistent with the data as corporate profits are skyrocketing.Scotthttps://www.blogger.com/profile/12392288826388903607noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-28633751517097142002012-09-12T23:43:58.421-07:002012-09-12T23:43:58.421-07:00http://research.stlouisfed.org/fred2/graph/?g=aCh
...<a href="http://research.stlouisfed.org/fred2/graph/?g=aCh" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=aCh</a><br /><br />mfg vs health & education jobs.<br /><br />Education creates human capital wealth (capable minds), while health both restores capital wealth (the ability to work) but more often just keeps old people from dying off:<br /><br /><a href="http://money.usnews.com/money/blogs/planning-to-retire/2012/05/10/fidelity-couples-need-240000-for-retirement-health-costs" rel="nofollow">Fidelity: Couples Need $240,000 for Retirement Health Costs</a><br /><br />Finding the core philosophy of wealth -- that wealth is that which satisfies human wants and needs -- was a signal event for me as it clarifies so much.<br /><br />Every economy is a balance of wealth creators vs. wealth consumers. Technically, I think it is perfectly possible for any population to produce more wealth than they consume, even the US.<br /><br />What the problem then becomes is one of internal distribution. We haven't sorted out the primary balance question yet:<br /><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=aCi" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=aCi</a><br /><br />so talking about distribution is probably premature.Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-55800531216259844632012-09-12T21:25:12.388-07:002012-09-12T21:25:12.388-07:00It's a sad day when I'm toying with the id...It's a sad day when I'm toying with the idea of adding a "polynomial trend failure" label.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-92025838976033833512012-09-12T21:16:35.589-07:002012-09-12T21:16:35.589-07:00Currency debasement will not successfully fill the...Currency debasement will not successfully fill the void either.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-17668217243818621962012-09-12T21:15:14.670-07:002012-09-12T21:15:14.670-07:00Debt will not be a solution that will successfully...Debt will not be a solution that will successfully fill the void.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com