Inflation Explained – Just “Cooling Things Off.”
When working people, either through their own struggles or sheer good luck, manage to get paid more for their labor, we say that rising wages are a “DRIVER of INFLATION.” Wages DRIVE inflation — that sounds harsh, doesn’t it? Then, as wages DRIVE inflation, we say the economy is HEATING UP! It’s OVERHEATING! That sounds […]
If The Holocaust Had Taken Place Here
I’m Jewish. (My grandparents were named Avrum Shevak, Fanny Glembotski, Joe Jacobs and Golde Mintz, so I’m pretty sure.) Lately, a scenario has been running through my mind. It goes like this: Suppose the Holocaust had taken place in the United States. Suppose the remains of concentration camps still stood in many places. Suppose once […]