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If a big problem with the potential of causing major disruption gets resolved in a series of steps without causing major disruption, then this is good news
The essential point is that economists’ competitive frame is falsely founded, and that our competitive social systems are spawning and reinforcing a dangerously myopic culture that is doing us a great deal of damage.
Following is the unofficial transcript of a CNBC interview with Berkshire Hathaway Chairman & CEO Warren Buffett on CNBC’s “Squawk Box”
A fiscal deficit occurs when the benefits and services received by one group exceeds the taxes paid.
In the Progressive and New Deal eras, there was a markedly different response to rising prices, and a different usage of economic theory.