Occupation: Economist Birth: October 7, 1963
It's not just about the current economic environment. History shows that slashing budgets always leads to recession..
There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the bett….
Assume the worst about people and you get the worst..
Making rich people richer doesn't make the rest of us richer..
Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear, we are swayed by other ….
Countries are poor not because their people are lazy; their people are 'lazy' because they are poor..
Corruption exists because there is too much, not too little, market..
People who live in poor countries have to be entrepreneurial even just to survive..
Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redi….