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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