The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.
Ha-Joon ChangTags: economy
Congress shall make no law abridging the freedom of production and trade...
Ayn RandTags: life causality liberty love reason wealth freedom society philosophy sex tyranny atheism america capitalism economics usa political-philosophy drugs crisis law government force slavery economy constitution trade jobs commerce rock-and-roll regulation pursuit-of-happiness volition individual-rights objective-law
It was the American middle class. No one's house cost more than two or three year's salary, and I doubt the spread in annual wages (except for the osteopath) exceeded more than five thousand dollars. And other than the doctor (who made house calls), the store managers, the minister, the salesman, and the banker, everyone belonged to a union. That meant they worked a forty-hour week, had the entire weekend off (plus two to four weeks' paid vacation in the summer), comprehensive medical benefits, and job security. In return for all that, the country became the most productive in the world and in our little neighborhood it meant your furnace was always working, your kids could be dropped off at the neighbors without notice, you could run next door anytime to borrow a half-dozen eggs, and the doors to all the homes were never locked -- because who would need to steal anything if they already had all that they needed?
Michael MooreTags: economics crime community economy income quality-of-life wages housing
Those who had the remaining jobs would have to buy the cheapest stuff possible with their drastically reduced wages, and in order for the manufacturers to keep that stuff cheap, it would have to be made by fifteen-year-olds in China.
Michael MooreTags: economy unemployment manufacturing cheap job-losses low-prices low-wages
World needs a new order of modern economy.
Toba BetaTags: crisis economy recession
...lo económico por necesidad toma lugar en el tiempo, es decir, es temporal. Dicho de otro modo, los hechos o datos o acontecimientos que el economísta utiliza para sus fines ocurren todos en el tiempo, en el tiempo histórico. No hay, en efecto, diferencias de naturaleza entre el carácter temporal de un evento que sucedió hace veinticuatro horas y uno que sucedió hace dos siglos. Ambos son perfectamente fait accompli. Queda, desde luego, la actitud que suele provocar -en no pocos- el tiempo más contemporáneo, de discutir los hechos y sus consecuencias como si no estuvieran ya consumados, y sólo porque se tiene información acerca de las opciones que estaban abiertas y que no se adoptaron.
Asdrúbal BaptistaTags: science economy economist
In the fashion industry, everything goes retro except the prices.
Criss JamiTags: money fashion culture industry economy clothing price fashion-industry apparel expense retro
One of the professors told me last week that he feels bad teaching with the way the economy is now. ‘What’s the point?’ he said. ‘Kids aren’t getting jobs.’ You never hear faculty talk that way. He did.
Daniel AmoryTags: future school philosophy adventure youth dreams dream economy young-adult chicago teacher summer jobs ya city students young-adult-fiction downtown academics law-school
I remember when I was twenty-five,” he said. “No client comes to you when you’re twenty-five. It’s like when you are looking for a doctor. You don’t want the new one that just graduated. You don’t want the very old one, the one shaking, the one twenty years past his prime. You want the seasoned one who has done it so many times he can do it in his sleep though. Same thing with attorneys.
Daniel AmoryTags: school adventure youth dreams fiction dream economy young-adult chicago summer ya city lawyer job young-adult-fiction downtown attorney law-student
I don’t think I’ve ever referred to any girl I dated as my girlfriend. I think that would freak me out. Even the girl that I dated for two years in college I don’t think I ever referred to her as my girlfriend.”
“How would you introduce her?” I asked.
“I’m just going to say her name,” he said.
Tags: love school adventure romance youth dreams fiction dream economy young-adult contemporary chicago student summer ya city job young-adult-fiction downtown law-school
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