Stephen Kinsella on Economics
There have never been more workers, and they have never paid more in tax than today. Household disposable incomes are higher now than they were during the boom, and there are proportionately fewer children as a percentage of the population to look after. Why, then, is there a child poverty problem in this country?
The Great Financial Crisis (GFC) began ten years ago yesterday. There will be literally dozens of recaps of the GFC. Some will be insightful, some will draw on personal reminiscences, some will be deep, some will be lazier than the Professor of Laziness at the University of Lazy. My advice is to read Adam Tooze’s new book Crashed (see review, The Magazine, page 29) over a weekend and move on.
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