Category Archives: Money

Four Wise Men

Posted on December 20, 2013 by David Schwerin

What do two billionaire capitalists and two Nobel Prize-winning economists have in common? All four see a problem that few want to acknowledge or tackle. Recent comments from these four should alert us to the challenge we face and the … Continue reading →

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It doesn’t make any sense (IX)

Posted on October 24, 2013 by David Schwerin

The Philadelphia Inquirer October 20, 2013 This is a perfect analogy! Wouldn’t it be great if we could design budgets in which we only plan to spend what we take in?

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It doesn’t make any sense (VIII)

Posted on July 29, 2013 by David Schwerin

Cities do it; states and provinces do it; even countries do it. So “it” must be good. Or maybe not! What these political entities do is lure businesses, through direct payments and subsidies, to their territory. Politicians can then commend … Continue reading →

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A is for Apple: C is for Chutzpah

Posted on May 27, 2013 by David Schwerin

Earlier this month Apple Corporation (AC), the darling of businesses and consumers alike, sold $17 billion worth of bonds. Thanks to the U.S. Federal Reserve’s policy of quantitative easing (printing money to keep interest rates artificially low) Apple’s new 3 … Continue reading →

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It’s Not so Taxing II

Posted on April 30, 2013 by David Schwerin

Last month marked the 10th anniversary of the start of the Iraq war. Many commentators used the occasion to discuss the lessons that we should have learned from this ill- conceived foray that cost tens of thousands of lives and … Continue reading →

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Xinhua News Agency Interviews Schwerin

Posted on April 2, 2013 by David Schwerin

A dozen years ago, when my wife and I took the first of our five trips to China, talking about the environment was almost forbidden. Economic development, no matter what the cost, was the government and peoples’ sole focus. This … Continue reading →

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It doesn’t make any sense VII

Posted on February 20, 2013 by David Schwerin

Seven nationwide cases of tampering with drug bottles, and now we have packaging standards throughout the industry. Ten thousand gun deaths per year, and nothing. The NRA is more powerful than big pharma, the airline industry and our government. What … Continue reading →

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Look Out Below

Posted on November 17, 2012 by David Schwerin

The 2012 U.S. Presidential campaign focused, in large measure, on the efficacy of increasing taxes on wealthy Americans to help reduce the country’s unsustainable deficits and ballooning debt. Fuel for this debate is the fact that income inequality is now … Continue reading →

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The Coming Fiscal Cliff – Jump!

Posted on October 17, 2012 by David Schwerin

Federal Reserve Chairman Ben Bernanke coined the term “fiscal cliff” to describe the situation which will begin in 2013 when income tax rates rise and federal spending declines. The non-partisan Congressional Budget Office (CBO) forecasts that a recession will likely occur under … Continue reading →

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“It doesn’t make any sense” IV

Posted on July 17, 2012 by David Schwerin

How one state prioritizes the use of tax-payers’ money: Pennsylvania State University and football coach Joe Paterno renegotiated a contract which still had a year to run. The board of trustees acceded to practically all the family’s requests; the resulting package was … Continue reading →

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