one of the bright spots of COVID, at least for me, has been a reduction of in-person interactions with many of these management types. My company office hasn’t had a safety meeting in over a year, and I haven’t seen an area manager nor middle manager in the same time. And guess what? The work—the real work—still got done, and despite everything going on, our customers remained warm.

If we are going to have a collective discussion about “the working class,” it might be time to consider keeping these managers and enforcers away from us on a more permanent basis, given that they produce little of value and do not improve our lives in any way. In an economy made increasingly zero-sum by forces beyond our control, those in the “e-mail job” caste are literally taking money out of a pie which would be more deservedly enjoyed by the families who do the actual work.

Looking through the lawsuit, the scope and shamelessness of Google's greed would appear to be stark. Project Bernanke, for example, is claimed to take data from publishers' ad servers to boost Google's own services. Project NERA, to create a "not owned but operated" walled garden for users if they used any Google service. "Project Jedi" was allegedly meant to freeze out independent ad exchanges by using insider knowledge, and in "Jedi Blue", Google is alleged to have conspired with Facebook to parcel out the goodies between themselves.
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How much does this matter? "Online advertising promotes journalism," except journalism is dying. The money's gone. Where's it gone? Does Google have all the money? It takes up to 42 per cent of the cut from ad money that goes through it, alleges the filing, 42 per cent that can't be spent on content providers like journalists.

What it will truly take to fix this problem is to run EVERYTHING 24/7: ports (both coastal and domestic),trucks, and warehouses. We need tens of thousands more chassis, and a much greater capacity in trucking.

The U.S. economy has clearly experienced an unprecedented set of supply side disruptions, which serve to shift the upward sloping aggregate supply curve inward. In a graph, with aggregate prices on the vertical axis and real GDP on the horizontal axis, this causes the aggregate supply and demand curves to intersect at a higher price level and lower level of real GDP. This drop in real GDP, often referred to as a supply side recession, increases what is known as the deflationary gap, which means that the level of real GDP falls further from the level of potential GDP. This deflationary gap in turn leads to demand destruction setting in motion a process that will eventually reverse the rise in inflation. In the 1970s, the economy was beset by a string of such supply curve shifts primarily because of falling oil production. Then the inflation rate did not fall but continued to march higher. However, before Paul Volcker was made Fed chair late in the decade, the Fed actions allowed money supply to accelerate steadily. During the 1970s, unlike currently, the velocity of money was stable (although not constant). As a result, the aggregate demand curve (C + I + G +X = M x V) also shifted steadily outward. This allowed the inflation from the supply side disruptions to become entrenched. Currently, however, the decline in money growth and velocity indicate that the inflation induced supply side shocks will eventually be reversed. In this environment, Treasury bond yields could temporarily be pushed higher in response to inflation. These sporadic moves will not be maintained. The trend in longer yields remains downward.