And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.
When I wrote my eighth thriller, 'Inside Out,' in 2009, the villains were a group of CIA and other government officials who colluded to destroy a series of tapes depicting Americans torturing war-on-terror prisoners.
The web can be a fast trip to the library, giving you immediate access to a government report, or it can filter media for you, which is why I look at around 15- 20 of these sites every day.
No expectations, no tension between goals and performance, no outrage, resolve or intention, no action, no results. There's only one way to get a government - and a nation - to stop drifting to low performance. That's to wake up and insist on higher ...
To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.
I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any.
The confidence is really driven by the woman - whether she can have the confidence that there will be enough earning or income to finance all the domestic spending - but also by the middle-income class, which for many Asian countries has become the g...
Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake o...
After the desperate years of their own war, after six years of repression inside Spain and six years of horror in exile, these people remain intact in spirit. They are armed with a transcendent faith; they have never won, and yet they have never acce...
The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited fo...
Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook's value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 5...
When Bill Clinton chose Al Gore in 1992 - from the same generational, ideological, and geographical background as his - it underscored his campaign's central argument that this was a clash between the past and the future, that 'Don't Stop Thinking Ab...
The scarcity trap captures this notion we see again and again in many domains. When people have very little, they undertake behaviors that maintain or reinforce their future disadvantage. If you have very little, you often behave in such a way so tha...
Nicaragua is a World Bank and International Monetary Fund designated 'heavily indebted poor country,' with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or fa...
The problem lies with us: we've become addicted to experts. We've become addicted to their certainty, their assuredness, their definitiveness, and in the process, we have ceded our responsibility, substituting our intellect and our intelligence for t...
More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long; that means that, you know, in a life there are about 600 million of them; in a month, there are about 600,000 - most of th...
Yes, there is a burden of financial insecurity. I don't think you find it in mood. Income is correlated with life satisfaction, so maybe you do find it in life satisfaction. You don't find it in mood, and I think it is very important.
Don't have work-life balance - at least in the sense of trying to escape from work so you can have a life. Work should be fun - so make work enjoyable and satisfying for everyone - among other reasons because it pays off.
There are too many countries where the values we take for granted in our civil servants simply do not exist. Seeing these values in action, applied with dedication by hardworking individuals, makes me proud to lead a service that is making life bette...
We need to accept that consumption is not the end goal of our life and stop measuring our well-being simply on the basis of earnings. We need to explicitly take the quality of our work-related life into account in judging our well-being.
