finance
Money talks; reviewing the global economy, government spending, taxes, and economic policy that affect our social and political future.
A Brief Primer On What "Wage Slavery" Means
The concept of work has been challenged since its inception. For Aristotle, the end goal for humans was supposed to be leisure. This is a sentiment that has continued to the modern day. Contemporary philosopher John Danaher wrote: "Work, suitably-defined, is a bad thing and we should try to create a society in which it is no longer necessary." A statement that somewhat controversially opposes the well-ingrained idea that work gives us meaning.
By Alex Mell-Taylor3 years ago in The Swamp
Trump is the ‘Hope For Peace’ in Ukraine , as Emphasized by a NATO Member
He claimed that Biden had gone “too far” in his criticism of Putin’s continued presidency in Russia. The right-wing populist leader, a close ally of the Former U.S. president, recently declared,
By Estalontech3 years ago in The Swamp
There But For Fortune
Introduction The words of the Phil Ochs song resonated with me because of what happened today. Today was an unusual day for me, I had to go into town and meet with work colleagues for an all-day conference. Although the weather was not good I decided to walk the three miles into town and took a route along the West Road in Newcastle.
By Mike Singleton 💜 Mikeydred 3 years ago in The Swamp
I Am Not a Dictator, I Just Have a Grumpy Face
The Legacy of Pinochet’s Rule The phrase in the title above is famously attributed to the Chilean dictator Augusto Pinochet, a leader whose reign was marked by brutal repression and sweeping economic reforms inspired by the Chicago School of Economics. Despite the widespread human rights violations under his rule, he was openly praised by figures such as Margaret Thatcher and Milton Friedman. Friedman, while acknowledging his general dislike for authoritarian regimes, described Chile as an economic success story and personally met with Pinochet to advise on economic reforms.
By Sergios Saropoulos3 years ago in The Swamp
Will The Newly Passed Inflation Reduction Act Leads to Higher Inflation. Top Story - September 2022.
This will result in a possible 3% tax hike for individuals making under $10,000 year, but because the affluent are receiving tax credits, no one seems to mind. The Inflation Reduction Act is well known to raise taxes for everyone; in fact, the Congressional Budget Office and the Joint Committee on Taxation have both come out and said as much.
By Estalontech3 years ago in The Swamp
Back to School Conversations
There are only a few days left of the month of August 2022 as I take on the "back to school" topic. For all I know, there are students and teachers in a classroom right at this moment as I'm typing this article. I pray they are safe and well. They don't have time to write this article, but I do - and as a retired teacher I feel it is my duty to "talk" about the subjects concerning public school, the business and politics of the institution, and some "controversies" that still exist and will probably always exist as long as there are people who believe in the continuum of Public Education.
By Shanon Angermeyer Norman3 years ago in The Swamp
The Downsides of Data Driven Decision Making
In life, and especially in business it is quite fashionable these days to hear people claim that they make "data driven decisions." Making data driven decision sounds like a very smart thing to do. Certainly much smarter than its regular language translation, "using the facts to determine a course of action" which sounds awfully obvious and boring. Definitely not something one would see published in the Harvard Business Review. Despite its obviousness it would seem hard to argue with the sagacity of making "data driven decisions", after all who would not want to use all of the information at one's disposal (data) in deciding which to select of the many possible alternative options that are available (decision making) for doing whatever it is one is trying to do? Usually that thing one is trying to do is make money or some derivative thereof. Nothing gets me more fired up for an argument than a thing which is hard to argue with. Therefore, below I present to you two arguments against data driven decision making. Of course I am in general a big supporter of data driven decision making and in no way mean to suggest that it is not (most of the time) the smartest way to go about making decisions in just about any aspect of one's life or career. However, that said, it is by no means guaranteed to be the best way to make decisions or even the smartest way to make decisions in every case. As you will see if you continue on, data driven decision making has at least two highly relevant downsides that can make it the less than optimal mechanism for deciding things. Even if less than optimal in some specific instances, it is still likely never a bad way to make a decision, it just won't guarantee that you always come out on top. Nothing ever does though does it?
By Everyday Junglist3 years ago in The Swamp
