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If We are in a Depression What Can We Do About It?
Optimism & Pessimism In my last post in this series, I ended by musing that in reality we are in a depression, that most of the government-led actions to “save the world” have not really helped...
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Teabagging for the Military Industrial Complex
From Tea Party Nation leader Judson Phillips, via the Economist: If we decided to build a couple of new carriers, thousands of workers would be hired for the shipyards. Thousands of employees would be...
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One Simple Rule To Stop Unnecessary Wars
I’m sick of war. Officially the cost of the war on terror has been $1.3 trillion. And military spending — especially the interest on debt to pay for past wars — keeps growing year on year: As General...
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Springtime for the Military-Industrial Complex
The FT erroneously concludes that the boom-times are over for the military contractors: The wars in Afghanistan and Iraq have been a boon to US contractors. The US has used so many of them in the...
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Bitcoin: The opportunity costs of mining for money
Everything we do and every choice we make has an opportunity cost. In a world of scarce time and resources each choice necessarily means rejecting many other possible opportunities. One of the best...
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