Category Archives: economy

The Irresponsibility Of Americans

THE HILL published an opinion piece by the under-30 Libertarian writer Kristin Tate, in which she accuses the middle class and poor of living beyond their means. It is true that 70% of Americans have $1000 or less in their savings and most households live HTM or ‘Hand to Mouth’ from paycheck to paycheck, despite […]

6 Baht in the Bank

When I first toured the Orient, friends and family asked, “Are you scared of someone robbing you?” “I live in the East Village.” The neighborhood welcome wagon in 1977 had been Hakkim and his junkie friends cleaning out our apartment. “I’ll be careful.” Truthfully the greater danger was my losing something.

Two Weeks And Counting

The US Federal Government shut down has entered its third week. Parks and Federal offices have been closed, over 380,000 federal employees have been furloughed and more than 420,000, such as the TSA and the Coast Guard are working without pay because Congress and the White House have not funded their agencies due to Trump’s […]

The Best Of Days

Every Tuesday morning Earl flew into New York from Boston for meetings at his investment firm’s main office. Traffic on the highway from the airport was lighter than the previous month. A telling sign of the failing economy. No wait at the Midtown Tunnel’s tollbooths was another. The drive to 57th Street and Madison Avenue […]

The ‘Trickle Down’ or More Appropriately the ‘Piss Down’ Effect

During the early years of his administration President Reagan was attempting to sell tax cuts for the rich. The public wasn’t buying this proposal until David Stockman, the White House budget director, suggested that if the rich get more money, the wealth will ‘trickle down’ to the masses, thereby forming a key formula for what […]