Many people share an intuition that “excess” profits are a sign of something having been stolen from labor. Karl Marx shared this intuition and formalized it in his writings on the surplus value of labor.
Foolishness of the Week: 05:48 Main episode: 11:55
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Quick Hits
https://www.youtube.com/watch?v=iPkJH6BT7dM
https://studyfinds.org/childless-millennials-parents/
Foolishness of the Week
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
Topic of the Week
https://fred.stlouisfed.org/series/GFDEBTN
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