pretty much all the arguing about careers and making a living is really due to cost of living which is due to this graph, and almost nothing else. The red area is housing that doesn't exist. It's what 2008 caused us not to build. Solve this and you solve everything. https://t.co/UwVq3Ir4Qc
Baumol’s cost disease to include any sector of the economy where demand is inelastic (goods and services that most consider “essential), and supply/productivity is naturally and/or artificially restricted. With this expanded definition, four sectors of the economy stand out as afflicted by cost disease: healthcare, higher education, housing, and ch
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The financial problem that will frame the sixth cycle is a surplus of money in the economic system and its distribution. The surplus arose from the success of the fifth cycle and the maturation of the microchip economy. As I’ve mentioned several times, the big issue is lots of available money and not enough opportunities to invest in things that cr
... See moreI don’t mean to deny the productivity gains where we find them, such as in information technology, but I fear that those gains are being offset by productivity losses elsewhere in the economy. A simple example: In 2005, finance accounted for 8 percent of U.S. GDP, and that figure had been rising throughout the 2000-2004 “productivity boom” period.
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