wealth creation

sand-running-through-the-bulbs-of-an-hourglass-measuring-the-passing-time-in-a-countdown-to-a-deadline-with-copy-space-stockpack-adobe-stock
Sand running through the bulbs of an hourglass measuring the passing time in a countdown to a deadline with copy space.
Sand running through the bulbs of an hourglass measuring the passing time in a countdown to a deadline with copy space.

The Greatest Inequality in America

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 ›
getting-knowledge-and-solving-problem-logical-idea-concept-connecting-last-jigsaw-puzzle-piece-stockpack-adobe-stock
Getting knowledge and solving problem. Logical idea concept. Connecting last jigsaw puzzle piece.
Getting knowledge and solving problem. Logical idea concept. Connecting last jigsaw puzzle piece.

Wealth Is Knowledge

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 ›
three-smartphones-close-up-on-a-white-background-stockpack-adobe-stock
Three smartphones close-up on a white background.
Three smartphones close-up on a white background.

Apple Created $103 Trillion in Consumer Value

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 ›