The irony of course, is that globalization slowed/stopped wage growth for the average american worker thru global wage arbitrage. Did the...
That would be a foolish thing to do for a country that has the world reserve curreny. It makes more sense to print paper and export inflation,...
What Buffet and Gates realize, that many in their class don't, is that we have an economic system that is mostly supportive of the extremely...
SouthAmerica - I agree with a lot of your macro historic points and on the Kondratieff cycle in general. We are at an historic watershed. But...
Let's forget about the greater economy and technological advances, and focus on a household. And why not? The word "economics" comes from the...
Very true. That's why I mentioned earlier in this thread that we should closely examine the need for a 40 hour workweek, with 2 weeks vacation....
That's why I explicitly mentioned energy resource extraction in that post. The argument I was addressing was that one day we can extract...
Kass and Achilles: I believe you both refer to space exploration as a technological and resource breakthrough someday in the future. Here's...
You missed the point I was making. You ignore the child from 1920 - that is an important baseline. Each generation in my example is 40 years...
The age of discovery peaked with the Industrial Revolution - and it took some time for that technology to come to the masses. Let's think of it...
Krugman's a Keynesian ass whose economic theories created this mess. Didn't he recently say we need another bubble? He's stating the obvious,...
We've already been doing that for decades. I know many people that make well into the six figures. They are engineers, and they all work for...
I agree.
That conclusion is far from being proven. The UK, Greece, Ireland, Portugal, etc... have varying degrees of socialism yet are suffering. The...
Technology is a double edged sword. In the past, it has both created and destroyed jobs. The trend I see today is technology creating...
My use of the words "pure fantasy" have to do with the commercial viability of extracting intergalactic hydrocarbons. Not the existence of gases...
Fannie Mae.... a political slush/hedge fund driven type company that was leveraged 80:1. Gets bailed out by the Federal Government to the tune...
Pure fantasy and a sign of desperation.
$75 during a global recession is expensive as hell when you look back at the late 1990s and see it was $20 a barrel during the boom times. Big...
I was discussing conventional oil scarcity. It's a fact. People that look at raw numbers without doing the complete math don't get it. Yes...
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