The Value of Nothing
November 10, 2021 6:47 PM Subscribe
Capital vs. Growth: A more comprehensive explanation would simply state that the U.S. economy is, to a unique extent, organized around maximizing asset values and returns on capital independently of growth—in terms of corporate behavior, financial market incentives, and government and central bank policy. [American Affairs Journal]
Archive version.
Archive version.
This post was deleted for the following reason: poster's request -- cortex
Since I was unfamiliar with this publication, I did a little research. It was founded as the intellectual arm of Trumpism, to the extent such a concept makes sense.
posted by Conrad Cornelius o'Donald o'Dell at 7:29 PM on November 10, 2021
posted by Conrad Cornelius o'Donald o'Dell at 7:29 PM on November 10, 2021
As some who lives in the world this guy writes about it's truthy enough to sound smart but actually doesn't understand much of the topic well at all.
He also has a really foundational error on the relationship between growth and equity returns which actually explains his biggest logical fail.
posted by JPD at 7:35 PM on November 10, 2021
He also has a really foundational error on the relationship between growth and equity returns which actually explains his biggest logical fail.
posted by JPD at 7:35 PM on November 10, 2021
Ugh, sorry did not realize American Affairs Journal was trumpy. I hope the mod feels free to delete this post.
posted by blue shadows at 8:00 PM on November 10, 2021
posted by blue shadows at 8:00 PM on November 10, 2021
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posted by Reasonably Everything Happens at 7:10 PM on November 10, 2021