I smell revolt

The fast food employees are on strike to increase their minimum wage of just above $7 an hour. McDonald’s made $5.5 billion in profit. What’s wrong with this picture? You might say that disparity is an economic driver. You might say that for centuries we have had a scale of success in our democratic societies…

Read More

The perfect alliance

This is NOT a political statement. This is NOT a historical reassessment. This IS an economic analysis. There, now that I’ve laid the groundwork, I’ll get right to the point: Imagine if Germany and Israel became economic allies! It struck me that the two countries in Eurasia that have consistently performed, economically speaking, are Germany…

Read More