Posts tagged “economics”
A human being whose life is nurtured in an advantage which has accrued from the disadvantage of other human beings, and who prefers that this should remain as it is, is a human being by definition only, having much more in common with the bedbug, the tapeworm, the cancer, and the scavengers of the deep sea.
James Agee, Let Us Now Praise Famous Men
I have been in a great quandary over trusts. I do not know what attitude to take. I do not intend to play a demagogue, but on the other hand, I do intend to see that the rich man is held to the same accountability as the poor man. And when the rich man is rich enough to buy unscrupulous advice from very able lawyers, this is not always easy.
Theodore Roosevelt
in an August 15, 1899 letter to a friend
1984
The future is always closer than you think.
Declining Deficit Should Not Mean Rising Borrowing
Presidents get too much blame when things go poorly and too much credit when they go well.
Misdirection and Contraception: On Hobby Lobby
Imagine yourself in a bar where a pickpocket takes money out of your wallet and with it buys you a glass of chardonnay. Although you would have preferred a pinot noir, you decide not to look that gift horse in the mouth and thank the stranger profusely for the kindness, assuming he paid for it. You might feel differently, of course, if you knew that you actually had paid for it yourself.
The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. … The rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
Adam Smith (June 5, 1723 – July 17, 1790)
Wealth of Nations
The Price of Being Connected
Let’s take a look at my current connection costs here in Los Angeles: Service Purpose Approximate Monthly Rate DirecTV HD Satellite TV + 2 HD DVRs $135 AT&T mobile phones + data $235 Verizon land line (for alarm system) $24 Time-Warner Cable Internet $50 So I’m paying almost $450.00/mo to stay “connected”. Eek.
Daily David
Random pieces, loosely joined
Globalization at Mach Speed
A quick book review
How to Understand the Economy
How the economy works