The super-rich, the 1% of the 1%, those that can afford to finance superPacs Send their children to private schools Live in gated communities Avoid the constraints of HMOs, Medicare, and Medicaid They see no personal benefit from public services, so their taxes should be cut. They are against any public policy that requires...
About
Thanks for visiting my Blog.
I post on mental construction (how our brains work), stories that I write, and current events.
Robert HamillFinance & Economics
Grand Pursuit – Sylvia Naser
Subtitle – The Story of Economic Genius I’m about ¾ finished. Too much biographic detail, gives context for economic problems arose in, but too much biography obstructing the view of the theory for my taste. Pre-WWI Panics. Slowly, dawning recognition of relationship between falling prices, amount of currency in circulation Post-WWI Hyperinflation. Printing of...
Failure of Old Solutions
In the '30s when it was like this before, it didn't end until bigger worries overshadowed the economic problems of low demand and declining prosperity. The increasing of tariffs and austerity programs made the Great Depression worse.
Emergent Quality
An emergent quality is seen when the fallacy of composition is examined. There are two ways that the fallacy of composition comes into play:
Caveat Citizen
Since the Great Cleansing, all regulations removed from government
Economic Thinking
There are two levels at which the media presents economic thinking – surface and deep. Surface- headlines, sound bites. Audience – electorate that only pays scant attention to issues they can’t control. They are fully focused on getting through their own lives rather than focused on policy issues Does not address trade-offs or details....
Political mandates
The Republicans used their mandate as a trump card. The Democrats threw theirs into the discard pile.
Deficit Reduction, A Project that is Failing
Every proposal on deficit reduction is at odds with the last greatest proposal. In project development, when every approach is 90 or 180 degrees away from the previous one, that project will fail – and usually be replaced by a band-aid project that has negative, unanticipated consequences.
Debts, Deficits, and Debates
If we totally dropped education, welfare, protection, transportation, general government, and other from the 2012 Budget - and we're still left with a deficit of $210.9M.
Financial Scenario
The US needs to better balance its budget and stem the national debt which depend of an economic recovery with job growth and the end of the housing disaster. What might happen if we don’t make more noticeable progress? The US dollar exchange rate could fall dramatically. The cost of imports from China will...