The Fed has had almost no success gently bring down inflation once an economy has started to overheat. | |
… | |
The long-run threat (facing the economy) is that we will cease to be one effective country. Whether that’s a failure of public investment in everything ranging from collecting the taxes that are owed – where there will be $7 trillion in taxes that are owed but not paid over the next decade; that is a huge loss to the government … [and] a huge source of injustice because most of the nonpayment comes among the highest-income Americans. Whether it is the fact that at the early stage, we were dependent on other countries for masks, and we were not well prepared for a pandemic, despite the fact that there had been repeated warnings that a next pandemic would come. Whether it is the fact that it takes half an hour longer on the schedule to fly from Boston to Washington that it did when I first started taking the trip regularly 40 years ago. This falling-apart of society is our greatest long-term threat. | |
… | |
I think another important part of the calculus is that when governments lose control over money, people tend to lose confidence in them. Progressives need to ponder the fact that when they’re not able to keep inflation under control, they can pay a very large political price. | |
— Larry Summers | |
Former Secretary of the Treasury | |
In an interview with / by: Eben Shapiro | |
The interview was titled: “The Leadership Brief: Inflation worries are keeping Larry Summers up at night“ | |
Appearing in: Time Magazine; dtd: 21/28 June 2021 | |
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On This Day In: | |
2021 | Questioned By Life |
If There’ll Come A Time | |
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Posts Tagged ‘Taxes’
Threat Calculus
Posted in Economics, Philosophy, Politics, Quotes, tagged Eben Shapiro, Economy, Inflation, Larry Summers, Philosophy, Politics, Quotes, Secretary of the Treasury, Taxes, The Fed, The Federal Reserve, The Leadership Brief: Inflation worries are keeping Larry Summers up at night, Time Magazine on May 11, 2022| Leave a Comment »
Working On My 2019 Tax Returns
Posted in Humor, Quotes, tagged Groucho Marx, Humor, Poverty, Quotes, Taxes on February 20, 2020| 3 Comments »
Why, look at me. I’ve worked my way up from nothing to a state of extreme poverty. | |
― Groucho Marx | |
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On This Day In: | |
2019 | Three Beliefs |
2018 | He Found Them On-Line |
2017 | Maybe In A Future World |
2016 | Largely A Mystery |
2015 | Tools And Weapons |
2014 | Likes And Dislikes |
2013 | Pillars Of Learning |
2012 | Another JCoM Review |
Move It | |
2011 | Expected Value |
I’d Bet On Taxes
Posted in Philosophy, Quotes, tagged Death, J.K. Rowling, Philosophy, Quotes, Taxes on May 25, 2018| Leave a Comment »
The last enemy that shall be destroyed is death. | |
― J.K. Rowling | |
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On This Day In: | |
2017 | A Cautionary Wish |
2016 | Slogging |
It’s About… | |
Man / Man | |
2015 | Memorial Day – 2015 |
Content People Love To Share | |
2014 | I Resemble That Remark |
2013 | Long Range Exploration |
2012 | UBI |
2011 | Opportunity |
Wars Without Taxes
Posted in Economics, Philosophy, Politics, Quotes, tagged Aesop, Economics, Philosophy, Politics, Quotes, Taxes, War on February 16, 2018| Leave a Comment »
We often give our enemies the means for our own destruction. | |
― Aesop | |
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On This Day In: | |
2017 | Multiplication And Division |
2016 | I Went To The Woods… |
2015 | I’ve Got To Run |
2014 | Which Is It? |
2013 | Making You Stronger |
2012 | Sick Of Being Sick |
Greater Than Power | |
2011 | Clear, Specific And Measurable |
2010 | The Runner’s High |
Into The Dark… | |
Why I Pay Taxes
Posted in Philosophy, Politics, Quotes, Science and Learning, tagged Education, John Green, Philosophy, Politics, Quotes, Taxation, Taxes on January 23, 2015| Leave a Comment »
Let me explain why I like to pay taxes for schools even though I don’t personally have a kid in school: I don’t like living in a country with a bunch of stupid people. | |
— John Green | |
[Actually, I prefer the term “uneducated people”, but I guess being uneducated can lead to unwitting stupidity. — KMAB] | |
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On This Day In: | |
2014 | Inequality Of Sacrifice |
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2012 | Fill In The Blank |
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Cliff Notes To Life? | |
2011 | Conference Games Sunday |
When I Grow Up I Want To…
Posted in Career, Faith Family and Friends, Family and Friends, Family History, Included Video, Philosophy, Quotes, Videos, Work, tagged Career, Cleaning Windows -- music video, Comments, Included Video, Jobs, Ladders, Philosophy, Quotes, Supervision, Taxes, Van Morrison, YouTube on October 12, 2020| 3 Comments »
Cleaning Windows
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