When we say "people worry" about inflation, it's mainly bondholders that worry. The labor force benefitted from the inflation of the '50s, '60s and '70s.

Trump's claims that he's making taxes more democratic for the people, but it actually is a vast sucking of income and wealth upward.

Most of the European leaders look at themselves as having to follow the United States, because if the US opposes them, there will be a regime change.

If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.

The result of this anti-classical revolution you had just before World War I was that today, almost all the economic growth in the last decade has gone to the One Percent. It's gone to Wall Street, to real estate.

There are many ways to create economic suicide on a national level. The major way through history has been through indebting the economy. Debt always expands to reach a point where it cannot be paid by a large swathe of the economy. This is the point where austerity is imposed and ownership of wealth polarizes between the One Percent and the 99 Percent.

That's the "magic" of double-taxation treaties: you can shop around for the lowest taxer.