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Gary Becker and Richard Posner of the University of Chicago discuss the merits of a Value Added Tax as a replacement for income tax and a solution to American budget deficits.
Of all old media platforms, TV has been the best at adapting to the Internet and still enjoys popularity while the CD, the newspaper, and possibly the book, are in decline.
“To achieve deep focus nowadays is also to have struck a blow against the dissipation of self; it is to have strengthened one’s essential position,” writes Sven Birkerts.
Plenty of people on Wall Street knew that a crash was coming—and that they responded by grabbing all the profit they could, writes Christopher Hayes. He thinks they should face criminal sanctions.
“Americans must be willing to show a greater appreciation for the things government rightly does on our behalf and have an honest discussion about how to pay for them,” writes Dennis Jett.
“With all the uncertainty and anxiety these days over landing a job with a steady paycheck, more job seekers are finding it harder to resist fudging on a résumé or job application,” writes Anna Prior.
“Too much debt is always dangerous,” write Paul Krugman and Robin Wells. It’s dangerous when the government is borrowing from foreign governments, as well as when it does from its own citizens.
“Requiring derivatives and synthetic securities to be registered would be simple and effective; yet the legislation currently under consideration contains no such requirement,” writes George Soros.