Austerity has suddenly become the universally prescribed cure for the fallout from the financial collapse. If widely adopted, it will prove worse than the disease. The price of the rescues of Greece, Spain and Portugal will be brutal deflation. The International Monetary Fund, which supposedly learned from its earlier mistakes...
Attention politicians: For every ‘prison-wage’ job shipped to Shenzhen, the App Economy has created a healthy job in the US
American politicians are in a hullabaloo over the 500,000 Foxconn prison-wage jobs in China that they claim could be stationed in the United States, but no one seems to pay attention to the booming “App Economy” that created roughly the same amount of decent jobs stateside. Both sides of...
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