Over next few weeks I intend to go through the stimulus and budget in detail, but my first impression is that the budget is way better thought out than the stimulus. I may not agree with Obama’s priorities, but his approaches make sense. They will result in higher oil prices and students having harder time [...]
The current economic contraction is apparently drawing to a close, with the money markets freeing up, inflation shooting up and unemployment going through the roof (all signs of the beginning of the recovery). That does not mean that our country will not be in for fair amount of pain for the next few years. This [...]
I just finished reading Robert Reich’s book the Work of Nations and am both impressed and dissapointed with the author. The main argument of the book is that the routine production work is disappearing, moving overseas or being automated, yet analytical work excludes many people without proper background and training. Thus, the result is a fast divergence [...]
Tags: Education · Great Books · Healthcare · Politics
I did not get a chance to watch the inaugural address live, so I heard lots of opinions before I finally read it. Maybe it was because everyone said that they fealt let down, or maybe because I read it instead of watching it I actually thought it was quite good. Here is a selection of phrases [...]
Tags: Politics
Government, like any large and complex system, is inherently inefficient and corrupt. Since the humans who make up the government are imperfect, governments will never be perfect (just as market or any other human institution cannot be perfect). The management complexity increases exponentially with the increase in the size of the large systems, creating lots of opportunities for problems. Yet, [...]