In the next few weeks, the United States will be focused on deﬁcit reduction. Analytically, the task of deﬁcit reduction is simple: cu!ing expenditures and raising taxes. Politically, the task of deﬁcit reduction is enormously difficult, for each cut in expenditure or increase in taxes hurts someone, and typically, some powerful group. … What matters is not the deﬁcit itself or the short-run national debt, but long-run levels of the national debt. The country should be looking at its national balance sheet. Debt reﬂects only the liability side. In assessing the economic strength of a ﬁrm, no one would look just at its liabilities; they would also look at its assets. The single-minded focus on deﬁcits and short-run debt is thus fundamentally misguided.
Because the milk was thin and had an unnatural, bluish tint, vendors stirred in additives such as chalk, flour, eggs, and Plaster-of-Paris.
Huge shifts in the workforce demand real-world changes in management practices; “command-and-control” no longer cuts it.
"When Harry Met Sally" lied to you.
Humanity is never fully in control of its creations. This lesson from Mary Shelley has remained relevant for over 200 years.
There are issues with Kinsey's data, but his books revolutionized Americans' thinking about sex and sexuality.