Does National Debt Really Matter?
Deficit reduction in a depressed economy is the road not to recovery, but to contraction, says British political economist Robert Skidelsky. He argues that current efforts to repay debt are misguided.
What's the Latest Development?
America is undergoing large budget cuts while Europe negotiates to prevent Greece's default. It seems every industrialized nation agrees that paying down its national debt is imperative.The logic goes like this: Paying off debt today will allow the country to borrow at lower rates in the future, meaning private investors will also be able to borrow more easily. The desired effect, of course, is increased economic growth. But the argument depends on a false analogy, says British political economist Robert Skidelsky.
What's the Big Idea?
Nations who owe money to other nations, or to private banks, do not need to operate like a family with a credit card, says Skidelsky. He warns that doing so will only bring about more economic woe. For a family, it is illegal to print money. Not so for a nation. And decreasing spending now puts a burden on future generations by depriving them of important investments in education and infrastructure. Politicians worried about the political impacts of debt should also be concerned about the social impact of austerity—namely, revolution.
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Upstreamism advocate Rishi Manchanda calls us to understand health not as a "personal responsibility" but a "common good."
- Upstreamism tasks health care professionals to combat unhealthy social and cultural influences that exist outside — or upstream — of medical facilities.
- Patients from low-income neighborhoods are most at risk of negative health impacts.
- Thankfully, health care professionals are not alone. Upstreamism is increasingly part of our cultural consciousness.
- Oumuamua, a quarter-mile long asteroid tumbling through space, is Hawaiian for "scout", or "the first of many".
- It was given this name because it came from another solar system.
- Some claimed 'Oumuamua was an alien technology, but there's no actual evidence for that.
America isn't immune to attempts to remove books from libraries and schools, here are ten frequent targets and why you ought to go check them out.
- Even in America, books are frequently challenged and removed from schools and public libraries.
- Every year, the American Library Association puts on Banned Books Week to draw attention to this fact.
- Some of the books they include on their list of most frequently challenged are some of the greatest, most beloved, and entertaining books there are.
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