By Dan Calabrese —— Bio and Archives--August 30, 2018
I suppose this won’t be considered happy news by the likes of Elizabeth Warren, Bernie Sanders and Alexandra Ocasio-Cortez. But the rest of us should be thrilled about it.
When corporate profits tick up a percentage point or two on a year-over-year basis, that’s a significant development. When they jump 16 percent on a year-over-year basis, that’s a monster development. If you look at news like this through a political lens, you’ll fret over “winners and losers” and that sort of thing. If you understand anything about economics and capital formation, you’ll understand that this presents a gigantic injection of new capital into the productive private sector.The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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