An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do.
Jack Watt
Jack Watt is a UK based co-founder of sovbtc.io and is an airline pilot. He is a physics graduate with long standing interest in finance and economics starting in college, where he spent a summer on bulge bracket currency and rates trading desks. He has a postgrad certificate in money, banking and central banking.
Latest work
Migration is part of the wider concept of economic freedom. This makes it desirable if prosperity is the goal of policy. But more applicable to the current attitudes and values of Western leaders than...
While unemployment currently is low and the rate of inflation has fallen somewhat, Bidenomics is setting off a boom that is unsustainable. We know what happens next.
