Quote of the Day
“When many remedies are proposed for a disease, that means the disease is incurable.”
-Anton Chekhov
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Can Circular Reasoning Make You Rich?
ByadminWe Americans are notoriously bad at saving money. While people in Germany, Sweden and even France save about 10% of the money they make, folks in the U.S. save closer to 3 or 4% of their earnings. With so little money saved, Americans face difficulty absorbing economic shocks like recessions and layoffs, and also find…
On Distractions
ByadminWidower Woodrow Wilson fell in love with Edith Galt in 1915. The President’s doorkeeper summarized the situation tersely: “She’s a looker; he’s a goner.” (Click here to view comments)
Why Some Workers Settle for Boring Jobs
ByadminIs it difficult to push yourself each day to go to a boring job? If you are looking for a way out, consider how you got there in the first place. It may be that you chose that boring job over a more interesting one because you didn’t think alternative jobs would pay you enough for…
The Smell of a Fiscal Crisis
ByadminIn a wonderful New Yorker article titled “The Hangover,” Nick Paumgarten writes about the strange mix of private and government forces that led to the Spanish fiscal crisis. In a wonderful sentence, he evokes one such force, the almost invisibility of debt: It is often hard to perceive an economic crisis. Debt doesn’t look like…
How Bankers Use Other People’s Money
ByadminI came across an interesting quote in the New Yorker recently, reflecting on the US banking system. It reads: The power and the growth of power of our financial oligarchs comes from wielding the savings and credit capital of others. The fetters which bind the people are forged from the people’s own gold. Pretty timely thoughts,…
Why I Read
ByadminI read for lots of reasons, of course. For entertainment. For information. For intellectual stimulation. To fill up a rainy day, since I can’t play piano for eight hours at a time. But another reason to read is to make me a better writer. In a wonderful essay in the Atlantic monthly, Richard Bausch makes…