Republicans' long-term strategy, since Reagan, is to spend a lot of money (mainly on things that won't benefit non-rich Americans), refuse to raise taxes, and therefore greatly increase the national debt.
Germany is in trouble. But the trouble goes deep and cannot be addressed by "more of the same" socio-economic measures in the domain of taxes or social spending or regulation.
I think most high skilled Europeans are happy to pay (even high) taxes That is, if the government does a great job like Singapore or Dubai or Korea or Japan and most things work well You pay the government for a service and you get safe cities, great public services and great healthcare back
The debt dynamics work the same for a central government as they do for a person or a company, except that a central government has a central bank that can print money (which devalues it) and it can take money away from people via taxes.
Ritholtz does exactly that, running through such surefire ways to wreck your wealth as ignoring taxes, paying excessive fees, misinterpreting data, overreacting to short-term trends, and trading too much.
Full disclosure, I got these for free, but have become unexpectedly obsessed. I wear them constantly and really like how they instantly change the mood of an outfit. Can't really say why they stand out since they're pretty basic but people ask me about them all the time.
Because when you believe in something, when you become obsessed with something, you sacrifice yourself to it. And that sacrifice actually feels like pain and stress and doubt. Not fun.
That's how you end up in an endless loop of ever-increasing taxes, ever-increasing regulation, which ultimately suffocates free market, free enterprise, and free speech. So, you do want to have very, very strict limitations on the extent the government can increase its powers at the expense of citizens.
it has to be consolidated because to basically make the money back on the pre-training and post-training process you need relatively few players that are collecting taxes you know from all the players on top or you just can't make the the math work.
I’ve rarely seen a more capitalist society than China, from the pure economic side. I’ve rarely seen companies that are as competitive as Chinese companies. People as ambitious and obsessed with making money as Chinese people. Kind of ruthless actually. And look, consumers shop, firms invest. If you invest well financially, you’ll get great returns. What is not capitalistic about the Chinese economy? At the same time, the social fabric is highly socialist.
All my friends know that I'm obsessed with Readwise, which combines a web highlighter, a powerful read-it-later app, and every feature under the sun to organize and remember everything that I read.
I don't use Neovim because I love Neovim, I use Neovim because I love the instrument I play. And so it's like if Cursor can meet those needs, I could see myself moving over. I don't have some sort of obsessed attachment with it.
A more how-to pragmatic version of carving your own path. Includes some personal story of reinvention but more on experimentation that challenges our default scripts of success and ambition.
The fact remains that without a stock of capable administrators, industrial policy and export targeting and infrastructure-building—or even Adam Smith’s minimum of “peace, easy taxes, and a tolerable administration of justice”—are a nonstarter.
Point being that it was probably inevitable I would love this short and absurd novel about a sexagenarian Roman general who is obsessed with staging the sole play he ever wrote—back as a precocious young artist—over and over again.
El problema es que la justicia social no es justa, sino que tampoco aporta al bienestar general; muy por el contrario, es una idea intrínsecamente injusta porque es violenta; es injusta porque el Estado se financia, a través de impuestos y los impuestos se cobran de manera coactiva.
If the future is like the past, this implies that debt rollovers—that is, the issuance of debt without a subsequent increase in taxes—may well be feasible. Put bluntly, public debt may have no fiscal cost.
Their words now
Across advanced economies, the celebrated ( r - g ), i.e., the difference between the interest rate and the growth rate, appears to have durably changed sign or, at a minimum, to have gone from a substantially negative number to a number closer to zero.
Multipliers are likely to vary a lot over time and space, but the bulk of the evidence is that they are different from zero, positive for spending, negative for taxes, and that they are stronger when monetary policy does not or cannot react to fiscal policy.
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