Asset inflation, price inflation, and the great moderation
Economists as penance have been trying to locate the origins of the great chain of causation that has led us to our present situation -- the worrying conclusion is that problems remain -- imbalances precipitated by a labour supply shock [1,2] and/or (the rise of) machines [1,2] have not gone away and continue to persist in decimating the ('developed world's) middle class, as evidenced by high and rising unemployment, which has led to a crisis in central banking itself. [more inside]
posted by kliuless on Oct 31, 2009 - 31 comments

Social mobility, income inequality and wealth disparities. [more inside]
posted by kliuless on Sep 7, 2009 - 54 comments

"The Coming Collapse of the Middle Class" [more inside]
posted by kliuless on May 1, 2008 - 98 comments