Footnotes
1. National
Taxpayers Union, “History of Individual Income Bottom and Top Bracket Rates”.
2. Wikipedia,
New Deal, accessed 5/9/14.
3. Because markets are volatile, securities
firms, that is firms which trade extensively in securities, are inherently
risky. It should be noted that every major surviving N.Y. securities firm has
become a commercial bank in order to avail itself of the Fed’s liquidity
support. There is no reason for the government to subsidize traders with
implicit or explicit guarantees.
4. Monthly Labor Review; November, 1993; p.
6.
5. Jeremy Rifkin; “The Zero Marginal Cost
Society”; Palgrave Macmillan, New York; 2014; p. 41.
6. Ian Morris; “Why The West Rules –
For Now”; Farrar, Strauss and Giroux, New York; 2010; p. 497.
7. Martin Ford, “The Lights In The Tunnel”; Acculant Publishing; 2009;
p. 113.
8. “The Concise Encylopedia
of Economics”; Robert J.Samuelson article on Great Depression.
9. New York Times, 1/26/14 article.
10. Rifkin, p. p. 126, 129.
11. Erik Brynjolfsson; “The Second
Machine Age”; W.W. Norton & Company,
New York; 2014; p.p. 197, 257, 246.
12. Ford, p.p. 5, 99, 84.
13. Ford, p. 160.
14. Rifkin, p. 232.
15. Thomas Friedman, of the NYT, reports:
|
I thought I knew how…(the Syrian Civil War) started, with protests over government repression and widespread poverty in 2011. But then I met Faren Asiv, a young Syrian refugee living here in Washington….She told me that before the civil war (there was a drought)…“Year after year government didn’t try to help in any kind of way.” And that the government’s response made people so angry they were eager to take to the streets…“If you notice that most of the people in the revolution are from the countryside of Syria.” ...the words of the Syrian commander ring in my head. He called it a revolution for freedom and a revolution of the hungry.....the rest of us should take notice. This volatile part of the world is only getting hotter and drier...and we would be very foolish to think it won't affect us. “Years of Living Dangerously” |