Interest Rates and Asset Prices

You Cannot Understand the Rise of Wealth Inequality Without Acknowledging the Role of Interest Rates

In August of 2014, I wrote a post called Lies, Damn Lies, and Statistics.  I penned it because, at the time, I was seeing a lot of situations in the media in which data was being used to push a political agenda on either the far right or the far left. I’m now seeing this same sort of deception in discussions about wealth inequality.

United States Treasury

The Federal Government Collects More Absolute Tax Revenue Than During Any Other Period in American History

In recent years, the United States Federal Government has found itself in the fortunate position of collecting more inflation-adjusted, real purchasing power tax revenue than it has during any other period of its 242 year history.  For the government’s 2019 fiscal year, tax receipts at the Federal level are expected to balloon to an almost unfathomable $3.422 trillion.