Wealth inequality has grown in recent years. There are nearly 1,000 billionaires in the U. S. and the wealthiest Americans have never been richer. In contrast, poor and working-class Americans have seen their incomes stagnate and fall. Discovery Fellow Nathan Lewis joined NPR to discuss what can be done to reduce wealth inequality in the United States. Read More ›
Your perspective will determine what you see. If you compare yourself to someone today, you will always be a loser because it is easy to find people that are better off than you. If you compare yourself to people who lived in the past, you will always be a winner. Read More ›
The stock-market carnage came fast and furious, wrecking GameStop -like memes and get-rich-quick crypto schemes and cracking SPACs. The ringleader, Robinhood, fueled by stimulus checks, is a good proxy for the excess. Its stock is down almost 80% from its August peak. It is a fine time to ask: What is wealth? Read More ›
Adam Smith understood this back in 1776. If you want to get rich, have lots of people you can sell to. Large markets also allow people to develop their skills and specialize in such things as drug and software development. Read More ›
ale University economist and co-winner of the 2018 Nobel Prize in Economics, William Nordhaus, estimated that producers capture around 2.2 percent of the benefits of technological advances. That would leave 97.8 percent of those benefits to the consumers of those products. Read More ›
