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The mainstream media is starting to spread the narrative about rising income inequality in America:
[In 1915]King was somewhat troubled to find that the richest 1 percent possessed about 15 percent of the nation’s income. (A more authoritative subsequent calculation puts the figure slightly higher, at about 18 percent.) This was the era in which [...]
I have an emerging view on markets, government, and what to do moving forward, and Better Regulate Than Never | The New Republic help my tie a lot of my thoughts together.
On Capitalism:
To understand the shape of our response to the crisis, we must understand the crisis itself. We have experienced a failure [...]
Most people have big problems putting big numbers in perspective, this video should help when it comes to the federal government’s budget
When was the last time our government went through a significant overhaul? No, I don’t mean when was the last time the people switched but the game stayed the same. I mean when was the last time the structure really changed? The best examples that comes to mind would FDR’s terms (each one brought new [...]
The NY Times has a great article on the bleak future facing the US Postal Service, a topic I have tackled before.
While the US Postal Service (and the reporters covering it) focuses on doom and gloom and how mail is dead, the Swiss post service is adapting. There are many companies, like Zumbox and [...]
because this article about health-care actually make sense. (My comments in italics).
•Equalize the tax laws so that employer-provided health insurance and individually owned health insurance have the same tax benefits. Now employer health insurance benefits are fully tax deductible, but individual health insurance is not. This is unfair. (This IS unfair… it’s worth repeating).
[...]
A smart politician/bureaucrat can spend and waste money for years and leave the bill to the next guy – who usually pays the least amount possible so that he can spend and waste and then pass on the bill.
Of course, as the state budget crises have shows us (see California in particular) having a [...]
It seems to me that some of the biggest debates we see in government and politics is how much government needs to protect people from themselves. There are sound examples of problems where left to their own devices, people often make less than ideal choices for the group, which are often clear cases for government [...]
Apparently our economy has been much slower than reported for years:
Growth: Why the Stats Are Misleading – BusinessWeek.
Auction technology has blossomed around the world, and called into existence a whole new industry, replete with firms, entrepreneurs, consultants, counter-consultants and even a few gunslingers. When the National Bureau of Economic Research’s Market Design Working Group held its first-ever meeting earlier this month, many of the stars were there, mostly economists, but a handful [...]
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