Category: Economics

How Much Is That Doggy In the Window?

When Democracy was created by Solon 2500 years ago in Greece, its shortcomings were readily apparent. Anacharsis said that it was a system where ‘the wise speak and the fools decide.’ He was obviously an optimist. Most elections seem to involve many fools speaking, and the lesser of two evils are fools choosing the lesser fool.

Anacharsis ...

A New Deal Pillar Crumbled Long Ago

It is practically impossible to get a job with a pension these days, except in government. While the government can print money willy-nilly to meet its obligations, private corporations do not have the same luxury. Chances are, any private companies that still maintain pensions only do so because the government is its primary client or they are part ...

Semantics of Delusion

The Gross Domestic Product (GDP) is an economic convention that has come under a lot of attack recently because of its failure to properly reflect the quality of life under the economy. Alternative ways of measuring ‘happiness’ are now being debated, and new acronyms are being forged like GPI; Genuine Progress Indicator. Obviously, a quantitative ...

The Dismal Scientists

It is common for those in power to surround themselves with the best and brightest of their times. Kings had prophets, scientists and artists at their disposal, and these voices were never one. Petty jealousies and rivalries thrive wherever there is power. A leader could always find a specialist that would tell them what they wanted to hear, at least ...