There’s now even more evidence to share, thanks to new academic research by Gabriel Chodorow-Reich from Harvard, Matthew Smith from the Treasury Department, Owen Zidar from Princeton, and Eric Zwick from the University of Chicago. Here’s the most important finding. The authors have a jargon...
Mark August 16, 3766 on your calendar. According to…researchers at Tohoku University, that’s the date Japan’s population will dwindle to one. For 25 years, the country has had falling fertility rates, coinciding with widespread aging. The worrisome trend has now reached a critical mass know...
Professor Steve Hanke of Johns Hopkins University wrote a good description of this concept for National Review. Before the rise in central banking (monetary nationalism), the world was dominated by unified currency areas, or blocs, the largest of which was the sterling bloc. As early as 1937,...
By the way, I’m mixing and matching data from several sources, so I’m sure that the numbers from the late 1960s are not a perfect match forthe IMF numbersI used for 1919-2023. That being said, there’s no arguing with the core finding. Massive revenue increases resulted in much hi...