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Would you rather have cheap, subsidized - illegally subsidized - goods dumped into the Wal-Mart and not have a job and not have your wages go up in 15 years, or would you like to pay a little bit more - not much - a little bit more, have a job, and have your wages going up? I think the American people are going to make that choice.
Anybody who can afford a box of business cards can afford a Web site. Any company with an 800 number can move its services to the Web for peanuts by comparison. The extreme case of corporate promotion is to strip away all other aspects of your business and sell goods or services via the Net alone, as amazon.com has done with books.
I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.
What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.
I'm really still a child of the Forties. I still think about it a lot, about the repercussions of armed conflict. Until 1953 we had rationing. We couldn't buy meat, we couldn't buy pleasurable goods like cigarettes and sweets. I didn't starve - my family were lucky - but I knew what it was like standing in line waiting for foodstuffs.
For carbon-neutral cities, there are things worth talking about in how our consumption patterns can change - sharing goods, etc. - but those are a fraction of the impacts of transportation and building energy use. If we need to choose priority actions, the most important things are to densify, provide transit, and green the buildings.
There was a guy that was friends with my father, a very well-known and powerful hustler on the Eastern seaboard. He was a very interesting guy who would literally rent a passenger van and would take the poor kids from the ghettos and black neighborhoods down to the sporting goods store and just spend money. Buy them whatever they want.
Pope Francis emphatically does not buy the argument that poverty can be alleviated by the 'trickle down' effects of wealth creation. He is deaf to arguments that the global economy has brought a billion people out of poverty. He is convinced, in short, that the best and only way to expel poverty is fairer distribution of the world's goods.
In the 20th century, we built a lot of walls - we endlessly tried to build walls between us and people we perceived, correctly or incorrect, as our enemies. In the 21st century, because of the advent of networks, the free movement of goods and people across the globe, we need to build security by building bridges instead of building walls.
We used to have food picked and used to have houses built and we used to have chicken properly processed and it was Americans that did it. If we are going to continue to utilize those goods, then what's going to have to happen is that the employers are going to have to elevate the wages in order to attract American workers to do those jobs.
There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
With Bitcoin, every transaction is publicly verified, so many risks are eliminated, including chargeback fraud or 'friendly fraud.' This is when a customer purchases something online with a credit card; waits to receive the goods or service, then requests a chargeback refund. The bank then forcibly takes the funds out of the merchant's account.
I am keenly aware that the wealth and power of the European nations are the result not only of their having ships and powerful guns, strong fortresses and formidable troops but also because their people can fully employ their talents, their land can be fully utilized, their natural resources can be fully tapped, and their goods can freely flow.
For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.
Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.
I'm never gonna owe money because every time I get a dollar, I put it into another business, whether it's to buy goods or develop other companies. You don't have money; you have companies. That's one business model. That's mine. And I only associate with other people that are putting up their own money, 'cause they're the only ones that can relate.
What we mean by an outcome will naturally depend on the context. Thus, for a government charged with delivering public goods, an outcome will consist of the quantities provided of such goods as intercity highways, national defense and security, environmental protection, and public education together with the arrangements by which they are financed.
