Peter is an Economist and Writer who joined AIER in 2018. Prior to that he spent over 20 years as a trader and analyst at a number of securities firms and hedge funds in the New York metropolitan area, as well as running a gaming and cryptocurrency consultancy. His research focuses on financial markets, cryptocurrencies, monetary policy-related issues, the economics of games, and problems in economic measurement. He has been quoted by the Wall Street Journal, Bloomberg, Reuters, CNBC, Grant’s Interest Rate Observer, NPR, and in numerous other media outlets and publications.
There are several competing definitions for the middle class,” Earle said. “Definitions have changed over time. Some of that redefining has been a reflection of changing economic [conditions] – the middle class are ‘richer,’ relatively speaking, today than they were fifty years ago – and some has been ideological: Should the middle class be defined by income? Wealth? Should it vary by household size? And should those be absolute measures, or relative to the poorest and richest in a given society?21 December 2021