Tuesday, March 29, 2011
Wednesday, March 23, 2011
Monday, March 07, 2011
Saturday, March 05, 2011
Intergenerational Mobility
Which country would you rather be randomly born into? Which country is most economically and socially efficient and fair?
Hint... it is NOT the country with the lowest tax rate and least regulation.
From Pew Charitable Trust
Tuesday, March 01, 2011
What needs to happen.
What needs to happen.
by George Balella Jr on Monday, February 28, 2011 at 10:55pm
OK so here is what needs to happen. Every single person who works for the government needs to NOT go to work for a week or a month. Then when peoples toilets and sewers back up, and no mail comes, when their water stops flowing and the electricity goes out, when the stop lights aren't working and 911 gives a busy signal and fires burn non stop and thugs run the streets and chaos reigns...THEN maybe we will see the value of what government does do for us. And maybe we will see the utility of taxing billionaires who's wealth is protected at a cost of young soldiers lives and limbs and sanity.... instead of blaming teachers, nurses and fireman for our problems.
Oh and... I'm petting my dog.
Ehh...
Ehh... it's pretty clear that better regulation of the financial sector would have prevented the problem. 1 trillion dollars of bad loans is a problem but allowing them to be leveraged with $100 trillion dollars using complex toxic opaque financial products is what brought us down.
That's really pretty simple and clear Russ. The only reason to make this seem more complicated is simply a matter of preconceived judgement.