They seem to deny that there is anything called malinvestment. All that matters is aggregate demand.
3,958 karma · joined March 9, 2012
----
"You have to slow down the creation of money, they explained. But, just as important, you have to stabilize people's faith in money itself."
The ossuary itself was an incredible place (120,000 buried there). For those of us not from Europe, it was a lesson in the horrors of WWI that was present for the residents of the continent that has no equal in the US.
---
As it is, Amtrak’s current fare on this route is about 15 cents per passenger mile and apparently it cannot go much higher if it wishes to remain competitive with air. Yet why in the world should bus drivers in Minneapolis pay Federal taxes in order to provide what amounts to a $600 subsidy per ticket on the 180,000 tickets that are sold annually on the Chicago-Los Angeles route? And the latter is only typical of most of the other routes outside the northeast corridor.
Obviously, there is no means test to get a $600 subsidy from Amtrak, or any other plausible criterion of public need. Like so much else which emanates from Washington, these Amtrak subsidies are distributed willy-nilly——in this case to retirees with enough time and money to see the country at leisure or to people with fear of flying who don’t wish to drive.
His concurring opinion starts at page 98.
http://www.ca2.uscourts.gov/decisions/isysquery/cb3868fe-b18...
McDonald's is already testing ordering machines. I'm sure most of us have been to a grocery store with self checkouts.
The minimum wage doesn't necessarily cause unemployment, but it does increase unemployment amongst those with the least skills.
Sounds like lots of points of potential human error.