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Wealth Economics

@steveroth.bsky.social

980 followers 330 following 2.1K posts

Entrepreneur, progressive sometime 1%er. (Tax me more.) Addictive reader: trash to tomes. National-accounting & econ geek. Evolution and Shakespeare dweeb. Besotted father. From MO; show me the #s. https://wealtheconomics.substack.com/about

wealtheconomics.substack.com

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Wealth Economics @steveroth.bsky.social · Nov 13

For my new followers, here's a stake in the ground for my writings, explaining how I think about and understand economics and “the economy.” Took me two decades to get to this…

It's 2,000 words, but it’s a bit of a smorgasbord, so you can take tastes and see if you'd like to read more.

Ten Fundamental Economic (Mis)understandings

It's all about the words...

wealtheconomics.substack.com

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Wealth Economics @steveroth.bsky.social · 13h

Grrr no transcript.

Wealth Economics @steveroth.bsky.social · 15h

They seem to believe that being rude to police officers is a criminal offense. It’s not.

Wealth Economics @steveroth.bsky.social · 16h

👍👍 To a first approximation, it seems like “opportunity” is overwhelmingly a function of wealth.

Wealth Economics @steveroth.bsky.social · 1d

I’ve asked a dozen+ of my friends who work in technical jobs if they use their HS & college higher math and they all say no. Including my sister who programmed and system-designed Visa’s mainframes over decades. (In assembler!) “We mostly just added and subtracted…” Typical people, fuggedaboudit.

Wealth Economics @steveroth.bsky.social · 1d

Ninth grade math requirement. Even just one quarter or semester.

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Wealth Economics @steveroth.bsky.social · 1d

Statistics and probability, much? Almost nobody (percentage-wise) uses linear algebra even in their professional life. You can’t watch or read the news competently, OTOH, without some S&P.

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Reposted by Wealth Economics

John Bigbooty - former Arthur Frayne @arthurfrayne.bsky.social · 1d

stole this from @ivanthek.bsky.social

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Wealth Economics @steveroth.bsky.social · 2d

Myelin sheathes are slow to develop in us boys…

Wealth Economics @steveroth.bsky.social · 3d

First fire of the season…

Reposted by Wealth Economics

Katie Cannon @katiecannon.bsky.social · 3d

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Wealth Economics @steveroth.bsky.social · 3d

Random graph FYI: from the ’50s to the ’80s, US private investment spending grew as a share of GDP. Then came Reaganomics.

Wealth Economics @steveroth.bsky.social · 4d

Darned interesting, this. If the crux of "populism" is "dividing society into two homogeneous and antagonistic groups—'the pure people' and 'the corrupt elite'"—the least populist ideology worldwide is center-left. www.cambridge.org/core/journal...

Wealth Economics @steveroth.bsky.social · 5d

Even the top 20%: only turn over 6% of their wealth in spending annually.

Wealth Economics @steveroth.bsky.social · 5d

To the Common Wealth Dividend.

Wealth Economics @steveroth.bsky.social · 5d

Both, actually.

Wealth Economics @steveroth.bsky.social · 6d

Trump has been promising the greatest health insurance ever in just two weeks now for… As long as he’s been a candidate.

Wealth Economics @steveroth.bsky.social · 7d

imaginary dictatorial libertarianism FTW.

Wealth Economics @steveroth.bsky.social · 7d

Not to mention policies enforcing ethnic diversity in neighborhoods, and required-participation provident funds for education, healthcare, retirement…

Wealth Economics @steveroth.bsky.social · 7d

If everybody conforms to the 4X limit? I dunno but I'd like to!

Wealth Economics @steveroth.bsky.social · 7d

The Montana Plan is a super interesting approach to gutting Citizens United. Think it's got any legs? transparentelection.org

Transparent Election Initiative - Our Fight Against Corporate Money in Politics

Join our fight for transparent elections. The Montana Plan uses state constitutional authority to keep corporate money out of politics and restore democracy to the people.

transparentelection.org

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Wealth Economics @steveroth.bsky.social · 7d

Remember bumper stickers? Here’s one I created shortly after the Citizens United decision came down. I’ve sold a handful of them…

www.zazzle.com/overturn_cit...

Wealth Economics @steveroth.bsky.social · 7d

A household with $100K spends all its cash income one year; no "saving." But the asset markets go up, and they have $110K — $10K more "retirement 'savings'".

They have more "savings," so did they "save" or didn't they?

Wealth Economics @steveroth.bsky.social · 7d

Plato on maximum wealth.

I just came across this in The Laws, late Plato in which Socrates is absent. A Cretan, a Spartan, and an Athenian discuss what the laws should be for a new colony. This passage by the Athenian raised my eyebrows. www.gutenberg.org/files/1750/1...

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Wealth Economics @steveroth.bsky.social · 8d

bsky.app/profile/flgl...

Kurt @flglchicago.bsky.social · 8d

Sorry, took a while to look up original poster, she deserves the credit for the video

Preorder Read This When Things Fall Apart @mskellymhayes.bsky.social · 26d

CW: protester being struck in the head by a pepper ball

Footage I took earlier of the moment Reverend David Black, a regular protester outside of the Broadview Detention Center, was shot in the head with a pepper ball by ICE agents on the roof of the facility.

Reposted by Wealth Economics

Kurt @flglchicago.bsky.social · 8d

Sorry, took a while to look up original poster, she deserves the credit for the video

Preorder Read This When Things Fall Apart @mskellymhayes.bsky.social · 26d

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