by Steven Waechter
Sunday potluck with the extended family. It turns out I am the ‘Detroit’ of the family; the lost age of promise still lingers in the wreckage. Detroit was the place that epitomized the whole “American Dream†sales pitch, where anybody could scrape up a second...
by Steven Waechter
Former Michigan Congressman and Reagan Budget Director David Stockman’s new book “The Great Deformation†provoked a flurry of insult and ridicule when it first came out back in April. I’m late to the party because as a law school graduate I spend all of my...
by Steven Waechter
A recent story from CNBC is claiming that young job seekers are flunking job interviews because they don’t know enough to avoid sending text messages during the actual interview. Personally I think that the story was largely propaganda to cover up the dreadful...
by Steven Waechter
Law school applications are declining sharply according to the New York Times, which is reporting a projected 38 percent decline from 2010 application levels. When they failed to find jobs, law graduates took to the internet in droves to spread the word about their...
by Steven Waechter
The Commerce Department has released GDP data for the fourth quarter of 2012, and these numbers indicate a contraction of an annualized .1 percent, which wasn’t exactly a crash, but it was a contraction nonetheless. If you read my work, you already know that I...
by Steven Waechter
I cast my ballot early. I didn’t vote third-party and therefore my vote isn’t being wasted. It also isn’t going to matter. Since 1990, the United States has run aggregate trade deficits above $8 trillion. This is funny, because in 1990 the M2 metric of currency...
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