The rich don’t need to rely on government for parks or education or medical care or personal security—they can buy all these things for themselves. In the process, they become more distant from ordinary people, losing whatever empathy they may once have had. They also worry about strong government—one that could use its powers to adjust the balance, take some of their wealth, and invest it for the common good. The top 1 percent may complain about the kind of government we have in America, but in truth they like it just fine: too gridlocked to re-distribute, too divided to do anything but lower taxes.
Friday, April 8, 2011
The rich don’t need to rely on government for parks or education or medical care or personal security—they can buy all these things for themselves. In the process, they become more distant from ordinary people, losing whatever empathy they may once have had. They also worry about strong government—one that could use its powers to adjust the balance, take some of their wealth, and invest it for the common good. The top 1 percent may complain about the kind of government we have in America, but in truth they like it just fine: too gridlocked to re-distribute, too divided to do anything but lower taxes.
Joseph E. Stiglitz
Wednesday, August 4, 2010
Sunday, June 20, 2010
Wednesday, January 6, 2010
The typical Congressional subcommittee chairman or cable news anchor or syndicated columnist can’t really imagine not being able to afford to take his child to a doctor, or being wrongly convicted of a crime, but he is quite capable of imagining being on a Paris to New York flight that’s blown out of the sky. And while it’s true the risk he faces of suffering this fate are very close to zero, they are not, as they are for a poor person, literally zero.
Paul Campos at "Lawyers Guns and Money"
Thursday, December 24, 2009
Monday, October 19, 2009
Sunday, September 20, 2009
While most economists spent the 1950s and 1960s toiling over mathematical models, Minsky pursued research on poverty, hardly the hottest subfield of economics.
Stephen Mihm, Boston Globe Correspondent
Saturday, August 29, 2009
Monday, August 17, 2009
There were once twin brothers who, as young men, received from their parents a mountain meadow on which to live. The meadow was divided evenly between them. One side was rockier than the other but had a creek running through it. This was the half that was given to the first born twin. The other side, given to the latter born twin, was more suitable for planting and rainfall sustained it. The younger man frequently enjoyed harvests more plentiful than his need and he shared his excess with his brother in return for water from the creek. Eventually, however, a drought fell upon them. While the creek slowed to a trickle, still it flowed – but the younger twin’s land dried and cracked. Soon he had nothing. He appealed to his brother for water but since he had nothing to trade, his brother refused him and he died from thirst. The older twin was able to survive the drought on his own meager harvest and inherited his brother’s half of the meadow. When the rain finally came again, he prospered.
Monday, July 13, 2009
Tuesday, June 30, 2009
Tuesday, June 2, 2009
Sunday, May 10, 2009
Sunday, May 3, 2009
"I don't apologize. Ever. Of course, it helps that I'm never wrong." Rush Limbaugh |
"All you need in this life is ignorance and confidence; then success is sure." Mark Twain |
Saturday, May 2, 2009
Friday, April 24, 2009
"These accounts harrow me beyond description. These incarnate demons say in great composure, that 'humanity is a Yankee virtue, but that they are governed by policy.' Is there any policy on this side of hell that is inconsistent with humanity? I have no idea of it. I know of no policy, God is my witness, but this, piety, humanity, and honesty are the best policy. Blasphemy, cruelty and villainy have prevailed and may again. But they won't prevail against America in this contest, because I find the more of them are employed the less they succeed."
John Adams (in a letter to his wife, Abigail, during the American Revolution)
Jonathan Mann ~ #109
Saturday, April 11, 2009
Wednesday, April 1, 2009
"Who I'd like to meet: everyone, so if you all could just form a line, we could get started"
Steven Kotler
(on his myspace page)Monday, March 30, 2009
Wednesday, March 18, 2009
Saturday, March 14, 2009
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