“One common myth is that corporate profits have achieved record girth during the present business cycle expansion”
levyforecast.com/core/wp-conten…
levyforecast.com/core/wp-conten…
“The fallacy of corporate cost-cutting and the class war that isn’t”
“Attributing aggregate business profits and widening sector margins to falling labor costs is a classic example of the fallacy of composition”
“Be wary of misconceptions about aggregate profit margins in the realm of public policy. For example, the flawed notion that wider profit margins in the aggregate come at the expense of wages often infects debates on taxes, transfer payments and regulatory policies”
This interview with @teasri was great and if you don’t follow him you obviously should mercatus.org/bridge/podcast…
