GDP
Why do some nations rise while others wither? Why have some of the world's largest empires eventually crumbled? What are the 'best practices' that a modern nation should follow if it desires sustainable prosperity for its citizenry?
To answer these questions, we welcome MIT professor Doran Acemoglu and co-author of the book Why Nations Fail. His observations? Yes, national prosperity has some correlation to the resources available to the State, but importantly, it's determined by how those resources are put to productive — and fair — use.
Daron Acemoglu: Why Nations Fail
by Chris MartensonWhy do some nations rise while others wither? Why have some of the world's largest empires eventually crumbled? What are the 'best practices' that a modern nation should follow if it desires sustainable prosperity for its citizenry?
To answer these questions, we welcome MIT professor Doran Acemoglu and co-author of the book Why Nations Fail. His observations? Yes, national prosperity has some correlation to the resources available to the State, but importantly, it's determined by how those resources are put to productive — and fair — use.
Over the past decade, we've been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by?
The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country.
This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the wages of the 99% can afford.
Ed Butowsky: Calculating The True Cost of Living Increase
by Chris MartensonOver the past decade, we've been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by?
The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country.
This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the wages of the 99% can afford.
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