Monthly Archives: June 2012

Why Giving Tax Breaks to Rich People is Useless

Is it useful for the economy and useful for the people if the government gives tax breaks to rich people? I was pondering on this question while at work. One is thinking back to multibillionaire Warren Buffett, who revealed his … Continue reading

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Intellectuals Vs. Intelligent People

What is the difference between an intellectual and an intelligent person? The intelligent person is someone, who has the capacity to respond to mental challenges, deducing logic, inferring hints and understanding complex subject matter upon explanation. He may have varying … Continue reading

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Some Ruminations on the Euro Crisis

Germany is the main beneficiary of the Euro crisis. The collapsing Southern European economies have made the glaring imbalances between Germany and Greece, Spain and Portugal more obvious. The export producer Germany depends on the ability of the Southern Europeans, … Continue reading

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Was Franklin D. Roosevelt a Socialist?

I provide a quote from Joseph Schumpeter’s seminal work “Capitalism, Socialism and Democracy” published in 1942. This quote is from a chapter added in July 1946, p381, First Harper Perennial Modern Thought Edition (2008) “When discussing the English case, we … Continue reading

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Public Debt Is Not the Problem, Inequality Is

‎”Today we are living in an era of indebtedness. Over the past several years, society has oscillated ever more wildly though three debt-fueled bubbles. First, there was the dot-com bubble. Then, in 2008, the mortgage-finance bubble. Now, we are living … Continue reading

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