What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints at constrained supply while also expressing irrational exuberance about continued economic growth. As an economist, …
Who was John Maynard Keynes, and what did he have to say about people, society, and economics?
Balance is a central tenet of Buddhism, foundational to the four noble truths and the eight-fold way. Balance is a superb notion and I strongly support, for individuals at least, balance, moderation, and many other principles of Buddhism. Indeed, had Buddhism found roots in this country a couple hundred years ago, we probably would have avoided, or at least delayed, the series of catastrophes we now face. But with fewer than one percent of the American population dedicated to Buddhism, it’s a little late for balance and moderation to work their magic at the scale of this country, much less planet Earth.
I’ve long recognized the two-party, one-ideology basis of American politics, and I was calling Barack Obama a neoconservative long before it was popular to recognize him as the Teflon President 2.0. But even I can hardly believe this tidbit from a guy I thought was pretty damned smart: From the I-cannot-believe-this-is-happening camp, Obama is appointing a Monsanto man as food safety czar. Welcome to Farmageddon, land of the free.
That pretty much says it all. The government uses expensive oil to print an advertisement for cheap money.