When the development of cellophane let us have self-service food shopping for meat and produce, it started a retailing revolution that economists call creative destruction.
Referring to “The Son of Man,” Belgian surrealist artist René Magritte said, “Everything we see hides another thing.” Instead, Magritte could have been describing corporate taxes. The U.S. Corporate Tax Cut National The Tax Cuts and Jobs Act of 2017 (TCJA)…
Whereas the Model T brought us suburbia, highways and McDonald’s, the spillover from self-driving cars will also transform our lives at home and at work.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
