Archive for March, 2012
Lets say a country existed that only operated on a "local economy" type of system that limited its imports to exotic products that could not be produced domestically. Would this countries citizens have a higher or lower standard of living compared to developed nations?
-I'm not sure how exporting would be handled (allowed)
-I realize that smuggling would increase in some areas
-I know many problems would exist, but wonder if other problems would be solved and if it would be a more stable system.
-I apologize if this is inappropriate for this subreddit. I mainly was looking for discussion.
“Kipper und Wipper”: Rogue Traders, Rogue Princes, Rogue Bishops and the German Financial Meltdown of 1621-23
Interesting article that actually explains the choice between taking the Mega Millions lump sum or the annuity option.
You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West! We no longer live in a world of nations and ideologies.
Keynes famously said, "In the long-run we’re all dead." It’s obvious Keynes understood his school of thought was flawed over the long-run, yet people still run their countries around it…