A couple of postscripts to the last post, to try to answer the question why it would be such a bad thing for money to lose part of its meaning as naming the difference between the benefits provided to the public by the possessor of the money, and the benefits received by the possessor from […]
The more money a very rich person has, the smaller the percentage of his or her wealth such a person can actually spend and consume. You can’t eat a hundred meals at once or drive a hundred cars at once or get a hundred PhDs. So the wealth has to go somewhere, i.e. to other […]
Maybe President Obama should take a leaf out of Nixon’s book and go to Iran. That would really dish Putin, put Iran in charge of our mess in the Middle East, and get Iraq off our hands. It would also mean supporting an imperfect but fairly stable democracy rather than having to choose either military […]
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