It comes as no surprise that average Americans have a different perception of the economy than (US President) George W. Bush and his friends. They can play around with statistics as much as they want, but it's clear that we have an unfair distribution of wealth.
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Unbridled capitalism will lead to some very real problems.
Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves.
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.
I tell my children that a man like Bill Gates has a personal fortune of $100 billion. They can't even comprehend that. Then I explain that he has more money than some countries.
Worrying about inflation now is like worrying about the measles when you might get the plague.
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