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Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption. ↗
One of the simplest ways to get an idea of one trillion dollars is to consider the amount in terms of the passage of time. One million seconds is equal to roughly eleven days and twelve hours, and one billion seconds is thirty-two years. One trillion seconds equals thirty-two thousand years. ↗
Stimulus spending, permanent bailouts, government takeovers, and federal mandates have all failed our nation. America's employers are afraid to invest in an economy racked with uncertainty over what Washington's next set of rules, regulations, mandates, and tax hikes will look like. ↗
Provincial governments in Canada have terminated the positions of marriage commissioners who have, for personal religious convictions, not performed same sex marriages. It has happened in Saskatchewan. ↗
#commissioners #convictions #governments #happened #marriage
The same undisciplined government spending and social engineering that has undermined our economy over the past 30 years has also been tearing at the social fabric of this land. ↗