The V-Shaped Recovery Never Happened

The V-Shaped Recovery Never Happened

This article was originally published by Ryan McMaken at The Mises Institute.  In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February. Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over...
What Collapsed the Middle Class?

What Collapsed the Middle Class?

This article was originally published by Charles Hugh Smith at Of Two Minds Blog.  The middle class has already collapsed, but thanks to debt and bubbles, this reality has been temporarily cloaked. What collapsed the middle class? In many ways the answer echoes an...