Introduction LO: This article is counter-intuitive. It makes much more sense to expect that low-income households will feel (much) more pain than high-income households. Hence, I selected it for a review and fact-check. This article focuses on the impact of inflation on debt. In and of itself, it is true that inflation deflates debt in real terms. However, debt is...
Financial Times title: There is no easy escape from the global debt trapFT subtitle: No matter what happens to near-term inflation and growth, the world is too indebted for rates to rise much higherOpinion by: Ruchir Sharma (see Note below)Date: 22 November 2021 "One of the big mysteries in the global economy is why, though inflation is making a strong comeback,...
We are headed for a Code Black scenario in the Netherlands, in which normal healthcare (eg, cancer patients) is minimized or even turned down in favour of corona patients. The blame game is about the demand for hospital beds (eg, unvaccinated people). Rarely, the supply side is mentioned in this blame game. Please take a look at this diagram that I prepared for this...
In his 1742/1768 poem, Thomas Gray wrote two famous last lines: “[..] where ignorance is bliss, ‘tis folly to be wise”. The old English word "folly" means foolish; bliss is "a state of complete happiness or joy". My blog’s title is a paraphrase of those two lines. Small human problems often arise from misunderstandings and/or wrong assumptions. Both can be solved...
Things are moving faster than I anticipated. The Facebook Files or Papers (eg, WaPo) are causing bipartisan political outrage in Europe and especially in USA. A part of this outrage is political theater. The other part is probably rooted in emotions like revenge & retaliation. Facebook managed to alienate almost everyone. These Files or Papers evidence that the...
For a long time, I’ve wondered about the Great Filter in civilizations. Why do initial successful civilizations eventually fail? It also relates to the Fermi paradox: if there is any extraterrestrial civilization, why haven't they contacted us by now? All civilizations seem doomed to fail after their initial success; often for unknown reasons (eg, Cahokia, USA)....
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