Japan’s Folly

Japan’s economy has been in the doldrums for years.  So what are they doing? Their central bank is buying government debt just like the US Fed was doing.  Supposedly, these purchases keep interest rates low and stimulate borrowing and growth.  But the evidence is to the contrary in  a country with zero interest rates and …

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Brussels Riots

Riots broke out a few days ago in Brussels as people protested the government’s austerity policies. In Europe when people are fed up, they riot while in the U.S. our low income people accept their fate and believe it is their fault. Austerity policy has not worked anywhere in Europe, but they hold to it …

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Why Do Many Embrace Inequality?

Papers and books describe the widening inequality in our society.  They provide little understanding of why the 99% put up with it. The explanation of Prof. Justin Friesen  et. al. suggest that “When we feel a lack of personal control, we compensate by looking for order or predictability in our environment.  So we desire and …

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