Wednesday, October 11, 2017
Got a cold
I've got a cold, here's some news so get off my dick:
Tim Duy - Trump's going to destroy the Fed. By appointing Kevin Warsh, who has no clue what he's doing. And yes, there are people like this in the field of economics.
The Krugginator - again, Trump's going to destroy the Fed.
IPE Zone - and meanwhile, Houston the abandoned hellscape. Contractors can't find the tradesmen to rebuild the city, because they're in Mexico.
I mean, you could easily take all the middle-aged unemployed white men in the rust belt, train them all to be drywallers and framers, and fix your problem right there.
But corporations don't want to train anyone anymore, they don't want to pay decent wages to skilled trades anymore, and thus the US slides back into feudalism.
Remember, in a feudalist economy, productivity growth is 0, wages are subsistence-level, and nobody in the elite cares because they can still make 5-10% profit per year sitting on their investments.