Posts Tagged ‘Thomas Jefferson’

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    Debt Compromises

    Jul 23, 11 • 267 Views • No Comments

    This story is about a country that had massive debt. A recent war had been expensive and the economy had big problems. Still though, powerful political leaders opposed the solution that the Secretary of the Treasury proposed. Yes, the country is the United...  [read more]

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    Innovative Challenges

    Feb 25, 11 • 221 Views • No Comments

    Is it likely that, with each new discovery, innovation gets tougher? It might have been easier to identify an asteroid a century ago because the undiscovered ones were very big. It might have been simpler to find a new human organ; the last one, the...  [read more]

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    Speculators, Thomas Jefferson, and President Obama

    Sep 22, 10 • 411 Views • No Comments

    Thomas Jefferson and President Obama had similar concerns about financial speculators. In 1790, Thomas Jefferson opposed funding the domestic part of the Revolutionary War debt if the financial speculators who bought bonds at a depressed price would benefit....  [read more]

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    Time Matters

    Sep 14, 10 • 254 Views • No Comments

    In a brief and wonderful 2003 article called “Clocks and the Wealth of Nations“, economic historian David Landes explained the importance of accurate timekeeping. China missed navigational opportunities because they did not develop the precise...  [read more]

  • The Debate Between Equality and Efficiency

    Feb 13, 10 • 214 Views • No Comments

    Speaking about the current political climate in “The Populism Problem”, James Surowiecki, New Yorker columnist, cites our contradictions: • Solve unemployment but cut the deficit • Implement health care reform but limit government •...  [read more]