During November, average hourly earnings increased 4.8 percent, year over year. But with inflation at 6.9 percent, earnings aren’t keeping up. Meanwhile, the Fed will do little for fear of spooking Wall Street.
Turgot understood primitive modes of social organization are able to support much smaller numbers of people. If population increased, an egalitarian primitive society would be unable to cope with the added burden.
Biden's team is dominated by liberal internationalists, and just as their aggressive approach to China is the wrong one to take in the Indo-Pacific, it has long been counterproductive in eastern and southern Europe.