Hughesair (Inflection Point)

Retired physician and air taxi operator, science writer and part time assistant professor, these editorials cover a wide range of topics. Mostly non political, mostly true, I write more from a lifetime of experience and from research, more science than convention. Subjects cover medicine, Alaska aviation, economics, technology and an occasional book review. Globalization or Democracy documents the historical roots of Oligarchy, the road to colonialism and tyranny

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Location: Homer, Alaska, United States

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Friday, April 28, 2023

Capital Divergence

 The money pump, S+(m-x) = I + (g-t),71 traces the liquidity flow from the buy side of the equation on the left to the supply side on the right. As deficit trade (m-x) grows, approaching a trillion dollars a year, one sees that S (consumer savings), must shrink, or I (investments on the supply side), must blossom, along with government spending (g-t). And blossom it did. The stock market looks good, but the middle class suffers stagnation, and job loss is accentuated by fentanyl from China, depression, homelessness, and a humanitarian crisis. 


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