According to Tyler Cowen,”The widening gap between rich and poor means dealing with one big, uncomfortable truth: If you’re not at the top, you’re at the bottom.” There is no average any longer, and my observations as of late would indicate that Mr. Cowen is on to something. So who are those who will be at the “top?” Who will …
Book Review: The Great Stagnation by Tyler Cowen
According to Tyler Cowen, Land, Technology and Uneducated Kids provided the America of early days an incredible diet of “low hanging fruit.” In this excellent short book (fewer than 90 pages), Mr. Cowen shows how the manifestation of having eaten all the low-hanging fruit is that individual and family median incomes have all but stagnated with respect to the pace …