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Updated by Tobin Smith on Jul 01, 2018
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Tobin Smith Tobin Smith
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What EVERY American HAS to Know About Our Economy

There are a NUMBER of Key Economic Facts and basic concepts You as a voter MUST UNDERSTAND to separate political promises from economic delusions. Here they are!

The U.S. Can No Longer Afford Deficit-Increasing Tax Cuts

Compared with 1981 and 2001, revenue is down and the debt is way up as a share of GDP.

5 facts about the national debt

Read a primer on the U.S. national debt, the debt limit and interest payments on the nation's credit line.

It’s an Unequal World. It Doesn’t Have to Be. - The New York Times

Global inequality, after widening for decades, has stabilized. The share of the world’s income captured by the top 1 percent has shrunk since its peak on the eve of the financial crisis.

Fewer Americans are working. Don’t blame immigrants or food stamps. - The Washington Post

Bit by bit, economists have pieced together the answer to this millennium's big economic mystery: where did all the jobs go?

‘One of the most important charts about the economy this century’ -- and what it means for market volatility

Those pinning the recent spike in stock-market volatility on inflation and higher wages should look at this chart.

Buffett to Berkshire Shareholders: Be Prepared to Lose Half Your Money — The Motley Fool

For the best reading experience, open this story on a device with Apple News..
It may also be available on the publisher's website.

Opinion | America is getting older. When will Trump get wiser?

We need immigration and entitlement reform, fast.

13 books you should read before you get married

13 books you should read before you get married

10 things I wish I'd known before I quit my job to work for myself

10 things I wish I'd known before I quit my job to work for myself

Opinion | Our Broken Economy, in One Simple Chart

This chart captures the rise in inequality better than any other chart that I’ve seen.

Social Media Looks Like the New Opiate of the Masses

Researchers have found some troubling parallels with addictive drugs.

Why America’s return to $1 trillion deficits is a big problem for you - The Washington Post

The Social Security Trust Fund is on track to run out of money in 13 years, the Congressional Budget Office said Monday. And that's just one of many painful possibilities.

The National Debt Is Worse Than You Think

Today’s outlook for revenue growth is based on policy that’s unlikely to pan out.

Senior dads like Donald Trump can get this Social Security bonus

Six ways to overhaul Social Security (and eliminate these four quirks) without cutting benefits for current retirees or denying future retirees average benefits higher than current retirees get.

What Drives Long-Term National Debt Growth?

The national debt keeps growing and growing. But what's driving that trend, and when will the situation reach a critical mass of attention?

Designed in California, made in China: how the iPhone skews U.S....

(This version of the March 21 story has been refiled to add dropped words 'technology and' in paragraph 10)

How the World’s Biggest Companies Are Fine-Tuning the Robot Revolution - WSJ

Automation is leading to job growth in certain industries where machines take on repetitive tasks, freeing humans for more creative, higher-order duties. That’s particularly relevant for manufacturing, the food sector and service sectors.

Exclusive: 40% in U.S. can't afford middle-class basics

Rent, transport, and phone are too expensive for 43% of Americans.

The 9.9 Percent Is the New American Aristocracy

The gilded future of the top 10 percent—and the end of opportunity for everyone else

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The Outlook: Conventional theory on the link between unemployment and prices holds up for the services economy, but n...

The Outlook: Conventional theory on the link between unemployment and prices holds up for the services economy, but not for goods

Split in Goods and Services Inflation Underscores Fed’s Challenge - WSJ

Inflation has been a puzzle in the U.S. economy for years, failing to move up much when the unemployment rate tumbled. To resolve the discrepancy, it helps to look at the U.S. as two economies: one for goods, another for services.

Financial Crisis May Have Hit ’80s Generation the Hardest - Real Time Economics - WSJ

The children born into Ronald Reagan’s “Morning in America” era could be on track to become the last recession’s “lost generation,” new research from the Federal Reserve Bank of St. Louis says.

Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud - WSJ

A Wall Street Journal analysis of 1,450 cryptocurrency offerings reveals rampant plagiarism, identity theft and promises of improbable returns.