Archive for May, 2026

Can Your Wealth Escape the Blackhole?

Saturday, May 16th, 2026

This NPR article, “The hidden power keeping wages low,” documents the long history of economists arguing that monopolies are bad for the economy. In particular, economists document how monopolies hinder competition and concentrate wealth. For Adam Smith competition was the key to a free market and a general prosperity. When Adam Smith studied markets in […]