Monday, December 7, 2020

A case of Nixon Shock Syndrome



If you were born in 1973, the median wage went from $17 to $19 an hour over your lifetime. That’s it. Two bucks in 45 years. The top 1%'s annual income tripled: $480K to $1.45 million. That's why we need a political revolution. To build an economy for all of us—not the 1%.

Well, Bernie, you are observing the results of MMT handled overnight with drinks in the Oval Office.  My suggestion is to do a better MMT and do it a bit more often. 

And here is what Bernie got, r > g for forty years and the rich getting richer. Who dunnit? Mostly Krugman.

No comments: