-
True Prosperity in Times of Austerity
Here is a fictional scenario. I’m a contestant on a quiz show called Who Wants to be a Millionaire. I’ve managed to answer all the questions correctly up to now and there’s only one more question separating me from the million dollar prize. I’m on the edge of my seat […]
Read all posts for ‘money’
-
Preventive Austerity and Growth in the Developing World
“Joder, que nosotros nos hemos venío porque allá no hay trabajo…” (F*** man, we came here because there are no jobs there…) answered the Spanish couple to my inquiries about their origin and their visit to the beautiful Mexican beaches of Los Cabos, Baja California Sur. I had finally met […]
-
The Illusion of the Welfare State
Western cultures have developed an illusion of the welfare state. The US and Europe must correct this cultural misperception of what a welfare state can and cannot accomplish before they can successfully address its economic problems.