A General Systems Law: Complex systems such as economies go through cycles of peaks and valleys. A Rule for Good Government: Governments should increase their spending when the economy is faltering and should cut their spending when the economy is booming. The boom periods would be restrained somewhat and the downturns would be ameliorated. [...]
My friend John was downsized out of his job about a year ago. He ended up working for Walmart for a fraction of his previous salary. A few months after starting at Walmart, John said to me: “I never realized being poor takes so much time. It takes me hours to get to work. [...]
Bank of America just got a slap on the wrist for reportedly stealing something on the order of 4.5 billion dollars from its debit card customers. Here’s how the bank scam works. Suppose one day you use your debit card to make three purchases, all around ten dollars. Then you end your day with [...]