Showing category "Economics" (Show all posts)

Income Inequality: Top .01% vs Bottom 90%

Posted by Trixie on Saturday, March 15, 2014, In : Economics 

In terms of economic inequality, it's fashionable to talk about the 1% vs the 99%, but even that language may be imprecise when you factor in the excesses of .01%. In fact, it's so bad that even the super-rich 1% are getting left behind by the .01%. The problem though, is that whether you talk about the .01%, the .1%, or even the 1%, it's almost impossible to graph to scale in a bar chart since the bottom 90% -- let me repeat that, bottom 90% -- predictably vanishes into the x-axis. So there'...

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Inequality: A Rising Tide Lifts All Yachts.

Posted by Trixie on Monday, February 17, 2014, In : Economics 
Inequality: A Rising Tide Lifts All Yacts

The stock market is setting records. Corporate profits are at an all-time high not in small part because wages are at an all-time low with high (under)unemployment keeping downward pressure on incomes. The past few years have been a boom for Wall Street and a bust for Main Street. Predictably, inequality has skyrocketed to levels not seen since 1929, just prior to the Great Depression. But that's only part of the story. The wheels of growing inequality were set in motion decades ago: stagnant...

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The Sequester™ and Deficit Hysteria: Irrational Fear of Negative Numbers.

Posted by Trixie on Friday, February 22, 2013, In : Economics 

There's a name for that: Neganumeriophobia. It exists:

The absolute value function was created in 325 AD by 'famous' Italian mathematician Antonio Numero. After a horrific accident during his childhood, Antonio developed Neganumeriophobia, a fear of negative numbers. Despite much risk to his own personal health, he dedicated his professional life to creating a valid mathematical formula which would remove negative numbers from existence.
I give you $1 for goods and/or services. This mean I ha...

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