Post by Ronald David Greenberg (qua reginald imonteverdi) to Adam Sherk, The Most Overused Buzzwords and Marketing Speak in Press Releases, ADAM SHERK (June 29, 2010), http://www.adamsherk.com/public-relations/most-overused-press-release-buzzwords/#comments
at "reginald imonteverdi says (November 23, 2010 at 5:02 pm)," http://www.adamsherk.com/public-relations/most-overused-press-release-buzzwords/#comment-1838
In speech “actual” and “actually” probably outnumber all the others combined. I’d be interested in a similar table for speakers, but it would be difficult to assemble. R."). Additional comment (not in the post): In written materials and speaking, the terms, e.g., “actual” and “actually” probably would be overused. Seems like “actual” and “actually” would make the list. The phrase “in terms of” would also seem a likely candidate, and "you know" would be a close competitor.
Post by Ronald David Greenberg (April 18, 2011 at 12:16 AM) at Reinstate Glass-Steagall: Roubini says yes, ECONOMIC DREAMS -- ECONOMIC NGHTMARES (last visited July 14, 2016 (May 13, 2010)), http://forestpolicy.typepad.com/economics/2010/05/reinstate-glasssteagall-roubini-says-yes.html?cid=6a00d83451b14c69e201538df06712970b#comment-6a00d83451b14c69e201538df06712970b #GlassSteagallDepositInsurance (But no deposit insurance existed then, so didn't runs on banks cause or exacerbate the problem causing them to fail?)
Post by Ronald David Greenberg| (April 21, 2011 at 02:25 AM) at Reinstate Glass-Steagall: Roubini says yes, ECONOMIC DREAMS -- ECONOMIC NGHTMARES (last visited July 14, 2016 (May 13, 2010)) (correction added), http://forestpolicy.typepad.com/economics/2010/05/reinstate-glasssteagall-roubini-says-yes.html?cid=6a00d83451b14c69e2014e87f93ae9970d#comment-6a00d83451b14c69e2014e87f93ae9970d. #GlassSteagallReinsrtated
Thanks for the above information. These other measures mentioned above could have had a weighty effect but apparently did not for a combination of reasons mentioned above as well. I agree, in any event, with Roubini generally, and your comments to my post. A lingering question for me is that competition (with, e.g., all 'too big-fail banks' being smaller) coupled with deposit insurance might impart necessary discipline. And, further, Glass-Steagall should [be] reinstated, in a fairly strong form, with or without covered bonds usage (for all financial institutions) or securitization (for investment banks only, not depositary institutions (banks, credit unions, et al.)). You appropriated my usual thunder 'But what do I know.' Economics is not an exact science (like present-day physics (!) with its string and other exotic (?) theories). Banking is critical to the health and wealth of worldwide society. Dodd-Frank and other measures (e.g., in England) may be effective. In addition I hope that the general tone and culture found in the financial system tends to emphasize its historic (on the whole) honorable, along with its profit, dimension.
Post by Ronald David Greenberg, on DISQUS, https://disqus.com/by/ronalddavidgreenberg/ about C.W. Griffin, Was Adam Smith a Marxist?, THE HUMANIST (June 29, 2012), http://thehumanist.com/magazine/july-august-2012/commentary/was-adam-smith-a-marxist.
Post by Ronald David Greenberg, Comments to Jennifer Walker (Oct. 19, 2012) on Jennifer Walker, WALKER WRITING SERVICES (last visited Nov. 2, 2015), http://authorjennwalker.com/ Click here for a post to http://authorjennwalker.com/2012/06/25/grammar-tip-punctuating-compound-sentences-vs-compound-predicates/
Excellent explanations. They warm my heart. The shame is that more clear, in my view, correct explanations (or more to the point, better “compliance” by writers generally) are rare. I may lean toward the “precriptivist” school, but I’m probably more accurately characterized as someone who falls within what is perhaps the school of “preferred” usage. The so-called “descriptivists” probably would be well-advised to be at least knowledgeable of the main conventions of usage. . . . . Best wishes, RDG"). See, e.g., Bryan A. Garner, Garner's Modern American Usage xxxvii (3d ed. 2009) ( In his essay "Making Peace in the Language Wars" (at xliv) Garner declares that he is "a prescriber who uses descriptivist methods -- in effect, a descriptive prescriber.").
October 20th, 2012 at 4:28 am
Dear Jennifer: I just looked at the rest of your site. Probably should have scoped things out first.
I may not have the time to complete some written works in progress, but I’m planning to do so. Still, I am glad that I saw your “Jennifer Walker Writing Services” site in case that I feel the need for assistance on a book or an article.
Oct. 20th, 2012 at 4:45 am
Post by Ronald David Greenberg, at Laura Alfaro, Dante Roscini & George Serafeim, The Future of the Greek Economy, Working Knowledge, HARVARD BUSINESS SCHOOL: WORKING KNOWLEDGE (July 2, 2015 ), http://hbswk.hbs.edu/item/the-future-of-the-greek-economy:
I agree with HBS 1961 classmate Wilbur Ross (HBS MBA 1961) that 'The country that brought us democracy may now take itself into chaos.' This outcome must be resolved -- too many considerations (financial, political, geopolitical, and others) are in issue. The EU and the euro must be stabilized in negotiations by participants taking these considerations into account. The EU is an important structure to be maintained and kept strong.
Post by Ronald David Greenberg, at Stephen Fidler, The Euro’s Failed Dream of a Wonderful Life: The euro looks like a solution that will be costlier than the problems it was meant to address, WALL ST. J. (Aug 7, 2015), http://www.wsj.com/articles/the-euros-failed-dream-of-a-wonderful-life-1438896566?cb=logged0.2255153427201927
I agree that “Once you’ve built Pottersville, it is tough to get back to Bedford Falls.”Moreover, Fidler’s quoting the late Robert Conquest “The main responsibility for the century’s disasters lies not so much in the problems as in the solutions” is perfectly on point and should be appreciated by all interested persons in the U.S. and in Europe.
Perhaps, the EU (and the euro) --eventually -- can be made more to resemble, e.g., a federal union of states like the U.S. with a common currency -- but that is an issue for another day.See, e.g., Matthew J. Gabel, The euro-zone debt crisis, European Union (EU): European organization, BRITANNICA (last updated Nov. 26, 2014), http://www.britannica.com/topic/European-Union/The-euro-zone-debt-crisis.
I thought Fidler’s analogy in his article to the classic movie classic “It’s a Wonderful Life” is an apt innovative beautiful reference in which he persuasively covers many of the current problems with the EU and euro. My suggesting an additional view was intended only to mention another issue that is consistent with (not exclusive of) and not at odds with his analysis:I want here to clarify my comment below that the European “Pottersville” was the result of not only the EU and euro but also the outgrowth of the 2008 U.S. financial crisis. Thus, the rebuilding of “Pottersville” would require, as Fidler points out, the difficult job of rebuilding the EU/euro.Likewise, a parallel rebuilding project in the U.S. would involve the reconstruction of the U.S. banking industry (European also?) along the specifications of a competitive free market.
Aug 8, 2015
The negotiating participants in the Greek debt crisis should consider Greece's securing (with collateral) its debt, effecting reforms, and, equally important, undertaking expansive economic policies (e.g., infrastructure). These coordinated actions probably would chart the best course for Greece, the Eurozone, and the EU. The IMF plan of some debt relief could be made compatible with the regimen suggested. This plan probably should include Greece’s promising to paying off in full in later years were any debt relief received in the short term (this promise also secured with collateral). This plan would protect creditors and debtor and should earn the goodwill of all involved participants in the long term. Not only would it strengthen the goodwill on all sides, it would be in keeping true to the "spirit of loyalty and mutual solidarity" enshrined in the Treaty on European Union, a spirit shared by the founders of the EU after each nation's WWII sacrifices in the conflict. See Treaty on European Union, Article J.l. 4 (1992).
Greece in my opinion is an important part of the EU and the euro. Its financial problems must be equitably resolved -- too many considerations (financial, political, geopolitical, and others) are in issue. The EU and the euro must be stabilized in negotiations by the participants taking these considerations into account. The EU is an important structure to be maintained and kept strong.
The "EU.Pottersville" in the second line of the public post does not reflect for some reason what I drafted in my post. My draft has two spaces between "EU" and "Pottersville" to show that the second sentence begins with the word "Pottersville" -- I was unable to get the editor function to add the two spaces. I add this explanation in a super abundance of caution to avoid possible confusion.
A European Pottersville, as it were, was not necessarily created by the euro or the EU.Pottersville – financial dysfunction in the EU – arguably/persuasively seems to be significantly the result of MBS investments by European investors (banks et al.) in EU, U.S., and worldwide and the ensuing financial crisis of 2008. That financial crisis – significantly– can, arguably/persuasively, be traced to, and was the result of (among other reasons), two major influences: (1) repeal of Glass-Steagall regime and the resulting lack of discipline that enhanced banks’ financial and political power (e.g., TBTF banks) and (2) absence of a competitive free market (no TBTF banks).
Aug. 7, 2015
Post by Ronald David Greenberg, The European Union, Greece, and Fiscal Federalism, LINKEDIN (Aug. 13, 2015),
https://www.linkedin.com/pulse/european-union-greece-fiscal-federalism-ronald-david-greenberg. #GreeceCrisis #GreeceEU #EuropeanUnion
Posts (May 9, 2015 (5 posts); Sept. 7, 2015 (1 post) by Ronald David Greenberg, Comments on login, log-in, or log in, MERRIAM WEBSTER (2015) (noting Comments on Merriam Webster site), http://www.merriam-webster.com/dictionary/log%20in.
Ronald David Greenberg Http://www.ronalddavidgreenberg.com at Http://www.ronalddavidgreenberg.com"Mirriam-Webster" should be spelled "Merriam-Webster" in the post below at May 9, 2015 6:18pm. Sep 7, 2015 8:38am
Ronald David Greenberg Http://www.ronalddavidgreenberg.com at Http://www.ronalddavidgreenberg.comAs the excellent comments suggest, even better is to define all three: "login", "log-in", or "log in" as noun, adjective, or verb -- in the dictionary.May 9, 2015 10:11pm
Ronald David Greenberg Http://www.ronalddavidgreenberg.com at Http://www.ronalddavidgreenberg.comSee also excellent comments below on "login", "log-in", or "log in" as noun, adjective, or verb.May 9, 2015 9:54pm
Ronald David Greenberg Http://www.ronalddavidgreenberg.com at Http://www.ronalddavidgreenberg.comThe Free Dictionary, http://www.thefreedictionary.com/log+in distinguishes
"log in" as a verb from "login" as a noun.May 9, 2015 9:45pm
Ronald David Greenberg Http://www.ronalddavidgreenberg.com at Http://www.ronalddavidgreenberg.comThe Oxford dictionary seems to focus only on the noun ("login").May 9, 2015 9:33pm
Ronald David Greenberg Http://www.ronalddavidgreenberg.com at Http://www.ronalddavidgreenberg.comMirriam-Webster should either add "login" above in the body of the definition of "log in" or have a separate entry for "login" elsewhere (next word defined?), not leave this point hidden in effect to comments. Treat "log in" as verb and "login" as noun like other dictionaries (e.g., Collins, Cambridge). May 9, 2015 9:18pm
Post by Ronald David Greenberg, Business Law is the Soul of Business, LINKEDIN (Oct 2, 2015),
https://www.linkedin.com/pulse/business-law-soul-ronald-david-greenberg. #BusinessLaw #BusinessSoul #BusinessLawSoul
Post by Ronald David Greenberg, Communication Skills: Importance; Alfred, Lord Tennyson, The Charge of the Light Brigade, LINKEDIN (Oct. 8, 2015), https://www.linkedin.com/pulse/importance-communication-skills-ronald-david-greenberg. See The Light Brigade at Popular articles by LinkedIn members, LINKEDIN, https://www.linkedin.com/topic/company/the-light-brigade (includes this post/article among some 103 articles/posts).
#TennysonLightBrigade #CommunicationSkillsImportance #SafireLetter #LightBrigadeCharge
Post by Ronald David Greenberg, Communication: Essential to Every Enterprise, LINKEDIN (Dec. 7, 2015), https://www.linkedin.com/pulse/communication-skills-business-ronald-david-greenberg?trk=prof-post. #BusinessCommunication #BusinessSchoolWritingCourse #BusinessVerbalSkills
Post by Ronald David Greenberg, United States Supreme Court Nominees: Two Wrongs Don’t Make A Right, LINKEDIN (March 29, 2016), https://www.linkedin.com/pulse/article/nominees-united-states-supreme-court-ronald-david-greenberg/edit?trk=pulse-art-edit_btn. #SupremeCourtPartisanship #SupremeCourtNominations #SupremeCourtPolitics
Post by Ronald David Greenberg, singular “they” (July 10, 2016), at Maddie Crum, It’s Time To Embrace The Singular ‘They,’ A Humanistic Pronoun: “They” is bae [so in original (see, e.g., http://www.esquire.com/lifestyle/news/a29423/where-did-bae-come-from/)], HUFFINGTON POST (July 7, 2016 8:28 am ET) (emphasis added), http://www.huffingtonpost.com/entry/singular-pronoun-they-humanist_us_577d1b21e4b0416464114fbc?section=&utm_medium=email&utm_campaign=Culture%20Shift%20070816&utm_content=Culture%20Shift%20070816+CID_fa219f4ff2aa0c052a02ce9dbd728eee&utm_source=Email%20marketing%20software&utm_term=Read%20more%20here. #HeShe #They #HumanisticPronoun
In the example above -- “My friend ate a bagel. They beamed with perfect joy” -- using "they" is unnecessary and, despite arguments to the contrary, misleading.
Simply recast the sentence to “My friend ate a bagel and then beamed with perfect joy” without having to use "he or she" or "it" or any other word.
Post by Ronald David Greenberg, singular “they” (July 11, 2016), at Kyle Peterson, How to Write Like Antonin Scalia: A lawyer and proud language snoot explains why good English matters and how Justice Scalia’s textualism makes headway on the Supreme Court, WALL ST. J. at A9 (updated July 8, 2016 6:08 p.m. ET), http://www.wsj.com/articles/how-to-write-like-antonin-scalia-1468014582. #SingularThey #GenderNeutralPronoun
Although the use of the singular “they” as gender neutral is gaining acceptance, its use would not seem to be necessary in many cases, perhaps never necessary.
For example, the above example -- “A defendant can trust their lawyer” – can be recast “Defendants can trust their lawyers” or more generally “[Xs] can [verb] their [Ys]” seems to cover most cases, perhaps all cases for that sentence’s structure. Other sentence structures would seem to be susceptible to being recast similarly to avoid the singular “they” or other plural pronouns used as singular.
One might try to conduct an experiment to see if any conceivable sentences cannot be recast in similar fashion -- in other words whether an exception to the proposed general recasting suggestion can be found.
Post by Ronald David Greenberg, on Rock and Roll, PINTEREST (last visited July 14, 2016), https://www.pinterest.com/greenberg1450/rock-and-roll-and-some-other-genres-artistsbands
My choices of what images to pin in this Rock and Roll board were not especially well informed for the rock artists and bands from 1960-present, though I had some exposure to the artists and bands of the 1950's. My choices thus were for the most part random and include artists from some other genres. See, e.g., http://www.musicgenreslist.com/. My main goal was to learn something about the artists and bands for the 1960's to the present.
Post by Ronald David Greenberg (July 26, 2016 at 5:54:12 PM), at Charles Koch, The Closing of the American Mind There are dangerous signs that the U.S. is turning its back on the principles of a free and open society that fostered the nation’s rise, WALL ST. J. ( July 21, 2016 6:53 p.m. ET) http://www.wsj.com/articles/the-closing-of-the-american-mind-1469141624 ("Mr. Koch’s views rightly highlight that the wealth of a nation—each nation—rests on the moral sentiments of its people.").
Post by Ronald David Greenberg (July 26, 2016 at 6:12:03 PM), at Charles Koch, The Closing of the American Mind There are dangerous signs that the U.S. is turning its back on the principles of a free and open society that fostered the nation’s rise, WALL ST. J. ( July 21, 2016 6:53 p.m. ET) http://www.wsj.com/articles/the-closing-of-the-american-mind-1469141624 ("See also, e.g., Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776) and Adam Smith, The Theory of Moral Sentiments (1759).").
Post by Ronald David Greenberg (July 31, 2016 at 3:44:43 PM), at Charles Koch, The Closing of the American Mind There are dangerous signs that the U.S. is turning its back on the principles of a free and open society that fostered the nation’s rise, WALL ST. J. ( July 21, 2016 6:53 p.m. ET) http://www.wsj.com/articles/the-closing-of-the-american-mind-1469141624:
Reply to comment on WSJ article, 7.22.2016, Charles Koch, The.Closing.of.the.American.Mind: "See also, e.g., Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776) and Adam Smith, The Theory of Moral Sentiments (1759):"
Thanks for your reply. I'll take a look at Thomas Paine's "Agrarian Justice" -- I checked to see that it's available on Amazon.
Pankaj Mishra's article in the August 1, 2016, NEW YORKER mentions Adam Smith several times that you may find interesting. See
Pankaj Mishra, How Rousseau Predicted Trump: The Enlightenment philosopher’s attack on cosmopolitan élites now seems prophetic, NEW YORKER (Aug. 1, 2016), this article appears in other versions of the August 1, 2016, issue, with the headline “Down With Élites!”, http://www.newyorker.com/magazine/2016/08/01/how-rousseau-predicted-trump.
Post by Ronald David Greenberg (July 31, 2016 at circa 2:25 PM), FACEBOOK, https://www.facebook.com/ronald.greenberg.92
at Ronald David Greenberg:
Regarding the comments on Eduardo Porter, In ‘Brexit’ and Trump, a Populist Farewell to Laissez-Faire Capitalism, N.Y. TIMES (June 28, 2016):
It once looked as though the financial crisis of 2008 might even bring about the end of laissez-faire economics. “The idea of an all-powerful market which is always right is finished,” declared Nicolas Sarkozy, then the president of France. And Peer Steinbrück, Germany’s finance minister at the time, predicted that “the U.S. will lose its status as the superpower of the world financial system.”
Even Alan Greenspan, the former Fed chairman, once known as the “maestro” of capitalism, declared himself “in a state of shocked disbelief” at the collapse wrought by the unfettered markets he had championed throughout his life. “I’ve found a flaw,” he said. “I’ve been very distressed by that fact.”
Comment: The financial crisis of 2008 could not have been, and was not, about the end of laissez-faire economics because the banking system was by no means a laissez-faire competitive free market. No flaw was found, or could have been found, in a competitive free market because such a market was not in existence in the banking industry. The U.S. will not lose such an elevated status as a financial system though it may well lose whatever standing it in fact had if it does not remedy the shortcomings in its banking industry market.
Post by Ronald David Greenberg, Financial Crisis of 2008 (Aug. 3, 2016 circa 11:25 AM), LINKEDIN, https://www.linkedin.com/pulse/financial-crisis-2008-ronald-david-greenberg?trk=prof-post [abridged]:
The financial crisis of 2008 could not have been, and was not, about the end of laissez-faire economics with an all-powerful market because the U.S. banking system was by no means a laissez-faire competitive free market in 2008. The U.S. probably will not lose whatever status its financial system had, or currently has, although its financial market's standing will suffer if the nation does not remedy the various perceived shortcomings in its banking industry. No flaw was found, or could have been, found, in a U.S. competitive free market because such a market was not in existence in its banking industry.
Post by Ronald David Greenberg, Dire State of Infrastructure in the United States (Aug. 3, 2016), LINKEDIN, https://www.linkedin.com/pulse/dire-state-infrastructure-united-states-draft-ronald-david-greenberg?published=u [abridged]
Remarkably, the importance of increased investment in infrastructure in the United States has not been given the attention it needs – by Congress, the States, the public, and the media, among others. The nation’s aging infrastructure is costing the nation dearly in resultant inefficiency, dangerous structures, and other shortcomings. Putting to work the country’s various workers on infrastructure projects would boost employment significantly. Both unskilled and skilled workers are a significant part of the workforce, along with the products, needed in creating new and maintaining existing infrastructure (e.g., engineers, architects, lawyers, suppliers and manufacturers (e.g., machinery, other equipment, vehicles) and materials, managers, business owners, and others).
Post by Ronald David Greenberg, Big Banks Defend Bigness (Aug. 3, 2016), LINKEDIN, https://www.linkedin.com/pulse/big-banks-defend-bigness-ronald-david-greenberg?trk=prof-post [abridged]
The proper role of a bank in a competitive free capitalistic market – made up of all small banks -- is to compete with the other small banks in the market. The role of a small bank does not include acquiring failing banks.
Adam Smith makes this point reasonably clear in his stating that “the failure of any one company, an accident which, in the course of things, must sometimes happen, becomes of less consequence to the public.” See, e.g., Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (Modern Library (copyright renewed 1965 Random House (1937 Random House)), Book II, Chapter 2, ¶106, at page 313 (emphasis added):
If bankers are restrained from issuing any circulating bank notes, or notes payable to the bearer, for less than a certain sum, and if they are subjected to the obligation of an immediate and unconditional payment of such bank notes as soon as presented, their trade may, with safety to the public, be rendered in all other respects perfectly free. The late multiplication of banking companies in both parts of the United Kingdom, an event by which many people have been much alarmed, instead of diminishing, increases the security of the public. It obliges all of them to be more circumspect in their conduct, and, by not extending their currency beyond its due proportion to their cash, to guard themselves against those malicious runs which the rivalship of so many competitors is always ready to bring upon them. It restrains the circulation of each particular company within a narrower circle, and reduces their circulating notes to a smaller number. By dividing the whole circulation into a greater number of parts, the failure of any one company, an accident which, in the course of things, must sometimes happen, becomes of less consequence to the public. This free competition, too, obliges all bankers to be more liberal in their dealings with their customers, lest their rivals should carry them away. In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
Post by Ronald David Greenberg (Sept. 9, 2016) on Richard L. Kent, Esq., The Tattered Remnant: The Unknown Heroes Who Make Our World (Dec. 31, 2009, #044: The Crew Of The Good Reuben James http://tatteredremnants.blogspot.com/2009/12/045-lost-vanguard-uss-reuben-james.html -- Plato and the Old Testament have an interesting coincidence: both reference to heroes whom you never see, never notice, and whom the earth may never even note exist. But this silent, hard working few–one in a thousand or fewer–are referred to in Bible and Plato as “The Remnant”. The children of Israel sometimes call them The Righteous Among The Nations. Here I call them the Tattered Remnants:
Richard L. Kent, Esq.,
Thank you for your remembering the sinking of the Reuben James in your Richard L. Kent, Esq., The Tattered Remnant: The Unknown Heroes Who Make Our World, Thursday, December 31, 2009, #044: The Crew Of The Good Reuben James, http://tatteredremnants.blogspot.com/2009/12/045-lost-vanguard-uss-reuben-james.html. I lost an uncle (Lt. Benjamin Ghetzler, its executive officer) when it was torpedoed. The Home page of my primary website (http://lawofficeofronalddavidgreenberg.com/) contains a dedication to the ship, its men, and all those lost before and after the sinking lost in protecting our nation.
Post by Ronald David Greenberg, Democratic Capitalism (Oct. 8, 2016, last revised Oct. 13, 2016 7:40AM), https://www.linkedin.com/pulse/democratic-capitalism-adam-smith-ronald-david-greenberg?trk=prof-post
Post by Ronald David Greenberg in Millennials vs. Mutant Capitalism (Oct. 21/2016 10:01:03 AM):
Koopman (fellow at Mercatus Center at George Mason U.) is reporting on the views of millennials, but probably other groups agree, though the reputation of America as the land of opportunity and the American Dream apparently has not suffered. See, e.g., How Do Americans Define The American Dream In 2015?, VANITY FAIR (May 2015) (emphasis added), http://www.vanityfair.com/news/2015/04/what-is-the-american-dream ("For all the griping, we lean toward the view that the American Dream is more robust right now than at any time in the past."). Still, in certain industries crony capitalism reigns with oligarchy power evident. The nation would do well to follow (return to?) the views of Adam Smith set forth in his two major works -- "Wealth of Nations" and "Theory of Moral Sentiments" -- where competitive free-markets under the invisible hand (self interest) is prescribed in "Wealth" and sympathy (fellow-feeling) is suggested in "Sentiments." Smith's capitalism is set out in both books.
Post by Ronald David Greenberg (Oct. 22, 2016) Paul A. Volker & Peter G. Peterson, Ignoring the Debt Problem, N.Y. TIMES (OCT. 22, 2016), http://www.nytimes.com/2016/10/22/opinion/ignoring-the-debt-problem.html#permid=20219586 :
The authors do not mention taxing for recent wars funded largely with debt. Adam Smith would suggest a different path. See ADAM SMITH, AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS (1937 Modern Library ed., 1965 copyright renewed ed.) (1776), Book V, Chap. 3, par. 37:
"The ordinary expence of the greater part of modern governments in time of peace being equal or nearly equal to their ordinary revenue, when war comes they are both unwilling and unable to increase their revenue in proportion to the increase of their expence. They are unwilling for fear of offending the people, who, by so great and so sudden an increase of taxes, would soon be disgusted with the war; and they are unable from not well knowing what taxes would be sufficient to produce the revenue wanted. The facility of borrowing delivers them from the embarrassment which this fear and inability would otherwise occasion. By means of borrowing they are enabled, with a very moderate increase of taxes, to raise, from year to year, money sufficient for carrying on the war, and by the practice of perpetually funding they are enabled, with the smallest possible increase of taxes, to raise annually the largest possible sum of money. In great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them, scarce any inconveniency from the war; . . ."
Post by Ronald David Greenberg (Dec. 25, 2016) on Project Syndicate, comment as reginald Monteverdi, https://www.project-syndicate.org/account (click Comments):
"Trump has argued that the Fed should raise interest rates. The Fed, which took the first step toward normalization in early December, will almost certainly deliver – and Trump will soon regret what he wished for. " Savers will not regret the raise -- long overdue.
Post by Ronald David Greenberg (Dec. 26, 2016) on Project Syndicate, comment as reginald Monteverdi, https://www.project-syndicate.org/account (click Comments):
Defense spending should be funded by progressive income tax, not by government borrowing, per Adam Smith. Infrastructure can be funded according to Smith by taxation, since infrastructure should have a benefit to the public.
* Posts on social media (e.g., Linkedin, Facebook, Twitter, Tumblr), news media (e.g., Wall Street Journal, The Huntington Post), and economics media (e.g., Harvard Business School, Forest Policy: Economic Dreams Economic Nightmares) are not intended as advertising, but are published for educational purposes only. Some of these posts are intended, however, to emphasize the various arms of a law practice besides a lawyer's work on client matters -- lawyer qua educator, author, and scholar.