BUT I’M PRETTY CERTAIN THIS ISN’T TRUE (a) inflating away productivity gains (b)

https://next.ft.com/content/54f0f5c6-4d05-11e6-88c5-db83e98a590aSORRY BUT I’M PRETTY CERTAIN THIS ISN’T TRUE

(a) inflating away productivity gains

(b) reducing the two parent rate, and therefore household income

(c) dramatically increasing the size of the underclass

(d) purchasing ‘invisibles’ (entertainment/info) is majority of spend

(e) we have a lot of ‘other things’ that we didn’t in the 70’s

(f) american postwar advantage was squandered by Kennedy/Johnson/Nixon/Carter under the false asumpiton of permanent growth and retention of global competitive abiilty.

If you were alive and working in 65, 75, 85, 95, 05, 15, it’s pretty clear that the Reagan-ization of financialism gave us a huge boost, allowed us to sink global communism, but it was squandered by the citizenry not used to create competitiveness that would compensate for the financialization.