Tag: What Is Wrong With Us?

  • What’s Wrong With the Democrats. What’s Wrong With the Republicans. It Doesn’t Matter.

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    Neither One Will Deliver for You. Let me start with something that should be obvious but somehow never gets said out loud. Neither party won the last election. The other party just lost it more. That distinction sounds like splitting hairs until you realize it explains almost everything broken about American politics for the last…

  • Passing the Buck: Why We Pay More But Make Less Part 7: Phone and Internet

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    Part 7 of Passing the Buck, a 15-part series on why we make less but pay more. This installment is about phone and internet service, which has become the cleanest example in modern American life of what happens when a utility-style market is allowed to deregulate into an oligopoly. It is the most unavoidable monthly…

  • Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards

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    Part 4 of Passing the Buck, a 15-part series on why we make less but pay more. Part 3 looked at the overdraft side of consumer banking. This one looks at the other side of the same relationship — the credit card. Most of the largest credit card issuers in the United States are also…

  • Passing the Buck: Why We Make Less But Pay More. Part 3: Banking Fees

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    Part 3 of Passing the Buck, a 15-part series on why we make less but pay more. In Parts 1 and 2 I walked through the picture: the math on a typical American household has tightened over fifty years even as productivity has climbed, and several specific costs — housing, healthcare, higher education, transportation, retirement…

  • Passing the Buck: Why We Make Less But Pay More. Part 2: The Baseline Shift

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    Part 2 of Passing the Buck, a 15-part series on why we make less but pay more. In Part 1 I walked through the math on one specific case — a nurse making $77,000 a year, doing everything right, with $625 a month left after mandatory expenses. The argument was that the math has gotten…

  • Passing the Buck: Why We Make Less But Pay More. Part 1: The Impossible Math

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    Part 1 of Passing the Buck, a 15-part series on why we make less but pay more. A few years ago I started keeping a list. It began with a conversation at the field after one of Henry’s games. A guy I have known for a decade — coaches another team, runs a small landscaping…