The more I see of it, the more I am convinced 3D printing is THE game changer of the next decade.
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Brother, can you spare a Yuan?
I’ve seen this argument a lot lately. We’re in a pretty bad spot when even the apologists
for debt and the security of the dollar are basing their case on the
technicality of, "well, people need the dollar because people use the
dollar.” Or worse, “in a world of bad alternatives, the dollar is the best
one." It really doesn't take a lot for that to change.
Is the US now inflating a Lower Education bubble?
While we have our eye on the higher education debt bubble that just passed $1 Trillion, the average cost of K-12 private schooling is up 26% in just the last 4 years. And Americans are taking out a record amount in loans to pay for it.
Faction: The Dangerous Vice
Our two-faction US Debt Supercommittee has predictably failed even to decrease the rate of increase of our national debt. The words of a Founding Father ring out across the horizons of time:
“Beware the mischief of Faction. Faction [being] a number of citizens, whether amounting to a majority or a minority of the whole, who are united and actuated by some common impulse of passion or interest adverse to the rights of other citizens, or to the permanent and aggregate interests of the community.” – James Madison
Forget the specifics of cuts and revenues. One thing is now clear to all except the partisans themselves: We are in a quicksand of destructive faction and partisanship.
I, for one, am tired of our current factions. I am ready for something else.
Congress’s persistently underwhelming 15% approval rating leads me to think I am not alone. I wonder what it will finally take to spur true change? I hope we do not come face to face with the horrors of the first Great Depression before we finally find the will to change all that must be changed.
“Beware the mischief of Faction. Faction [being] a number of citizens, whether amounting to a majority or a minority of the whole, who are united and actuated by some common impulse of passion or interest adverse to the rights of other citizens, or to the permanent and aggregate interests of the community.” – James Madison
Forget the specifics of cuts and revenues. One thing is now clear to all except the partisans themselves: We are in a quicksand of destructive faction and partisanship.
I, for one, am tired of our current factions. I am ready for something else.
Congress’s persistently underwhelming 15% approval rating leads me to think I am not alone. I wonder what it will finally take to spur true change? I hope we do not come face to face with the horrors of the first Great Depression before we finally find the will to change all that must be changed.
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