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66 search results for: wages

1

Why Are Wages So Low, Report 23 Sep 2018

Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two thirds of their gross revenue generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with […]

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Falling Interest Causes Falling Wages

Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists believe that the interest rate is set based on bond traders’ predictions of future price increases. Two, if employment and GDP are weak, then the central bank should increase the money […]

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Episode 15: Inflation’s Inconvenient Complexities, Part 1

There’s been a lot of talk of inflation lately, with predictions in the media running from one extreme to the other. Most folks define inflation simply as “rising prices.” But as John Flaherty and CEO Keith Weiner discuss in this week’s episode, it’s not that simple. There are a number of intricacies to be aware […]

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Episode 12: The Yield Purchasing Power Paradigm

Most people think in terms of purchasing power: how much can one’s cash buy? In this week’s episode, CEO Keith Weiner & John Flaherty discuss an alternate perspective. Instead of spending your capital, what if you invested it to earn a return? What can that return buy? Along the way you’ll learn: The concept of […]

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Episode 8: Why The Dollar Isn’t Money – PART 2

In a prior episode, we introduced the distinction between money and fiat currency, discussing what gives the dollar – or any fiat currency – its value. Now, we continue that conversation discussing additional characteristics of money, and illustrate how a false definition of money can lead to a corrupt state that wields blank checks. In […]

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Episode 6: Why The Dollar Isn’t Money

Despite what Google Images serves up, money and currency are not the same thing. This view differs from that of mainstream economists, and this episode illustrates how those mainstream misconceptions might materialize to everyday folks. So what is it today that gives the dollar – or any fiat currency – its value? And how do […]

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Wrong Measurement, Wrong Macro Call

We have written much on the topic of economic measurement. Does the dollar measure gold, is it appropriate to say that “gold went up”? Or does gold measure the dollar? Does a line of gummy bears laid out on the kitchen table measure the ruler? Does one stretch some rubber bands one day, and say […]

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Open Letter to Gregory Mankiw, 7 December

Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend you for recognizing two important truths, which are missed by many other observers. One, that there has been a breathtaking drop in the interest rate over 40 years. Too many dismiss […]

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Episode 2: One Radical Idea

After successfully selling his software company in August 2008, Keith Weiner pivoted to the study of economics in an effort to protect his assets. At first, his studies brought enlightenment about our monetary system. Then came the radical idea. In the first half of this episode, Keith and Dickson Buchanan discuss the two main problems […]

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Episode 1: The Accidental Economist

How did a software dropout go on to become a successful entrepreneur…and eventually earn a PhD in economics? In this episode, Addison Quale leads CEO Keith Weiner back through his journey from software geek to economist. They discuss how Ayn Rand’s writings set the stage for understanding monetary economics, why the retirement savings advice given […]