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July 24, 2017


David Locke

The labor availability in the US is not due to fertility rates. It's due to people who were out of the workforce too long due to the recession. They don't come back.

B-schools insist on management-based innovation, as opposed to engineer-based innovation. Innovation is now continuous, rather than discontinuous. Continuous innovation does not contribute any economic wealth. We lost economic wealth due to globalism, and have yet to replace it. Cash does not replace lost economic wealth.

The volatility economy has superseded the production economy. Money can be made from a failing production economy.

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