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IMHO, Bigger is better only when you have some sort of efficiency gain from it. I see four big differences: 1. EU has not a single language 2. EU has different cultures every europeans wants to mantain (try to ask a german if he can live as an italian, or viceversa) 3. EU has not a frontier...

Interesting monologue... I share with you the feeeling that knowledge is a (almost) unlimited resource we should use to continue exponential growing, but you should pay attention on the other side of the problem. The simple way to view it is to think to two different plane of the economy...

IMHO the only benefit could be for US dollar, and that is the reason while all this "informations" about euro continue to spread all over the media. And one fact that it is not shown, is this: under current treaties, who exit from euro cannot stay in EU. An economic disaster for any eurozone...

They say they are just "redistributing" it. On which I agree, when it means to give to everyone worth it the "bootstrap": initial investment (access to education, access to financing, etc) but I think we're all against life long gifts payed by someone else... even when masquerade by...

I'm not sure of proportion, but agree on trends (even if I do not believe scientist are unproductive people, as you said, at least not all of them). The sad part is: this unproductive people do not accept the fact their job is adding nothing to the wealth pie we all share. Someone says...

What happens when money mostly goes to paper economy (CDO, CDS, futures, shares -see P/E ratio-) or to increase asset values (RE) instead to real economy (goods and services and then means to make them)? What happen when goods quality plunge so people need to change them more often? What...

+1. I strongly believe our countries labour markets are broken not because China and India started to grow (and learn and produce the same we did), but because we slowed our innovation pace. When your commitment is in moving plants, you're not committed to improve products, processes...

+1

Interesting enough, this kind of thinking is starting to spread to higher levels (as issue to debate). This month discussion theme at HBS (in professor Jim Heskett corner) is about "Is Profit as a "Direct Goal" Overrated?" http://hbswk.hbs.edu/item/6454.html?wknews=070610 Interesting...

Interesting view. I Couldn't avoid notice that describing elections in this way make a point about an "invisible design" staging the outcome to its purpose... maybe road to serfdom? To going against the wind needs a careful tacking, didn't they?

Seems dangerously similar at definition of money. Equal, IMHO. (The only difference I see it is that "obs" seems to be more closely related to time efforts, and thus have a collateral (work)sticked to them. But IMHO most problems of money remain). And egalitarian uthopist always forget that...

Maybe you're not far from true, assuming public available data is limited to a whole 50% of population for a reason and no more break down is available (at least I haven't found it) for the same reason.

I cannot say this public data isn't useful, but why they do not disclose break down figures for first 50% of population? What happened is surely more evident on first, second and probably third decile, but I haven't found any of this figures, only a whole 50%. Not very useful, IMHO. Any...

I'm remembering a very old and very interesting report from census bureau, http://www.census.gov/sipp/workpapr/wp233.pdf who says only first decile of families has a negative net worth. I have no doubt the situation is worse today, but I can't prove it. You can find a graph on that report to see...

I believe it depends on people. Until they continue to save and buy debts (backed by nothing) -and crisis raised savings almost everywhere, I believe- the system can continue to accumulate energy that will be dissipated in some way at the end. Maybe kaboom will never arrive. Just hoping, of...

Of course it didn't worked. Global crisis cut GDP by reduced export and percentage raised. But if try to view all the picture (not only government debts) you may notice that Italy is in better shape than most of other G8 countries. The sum of public and private debt is less than any other...

Interesting. Could you suggest any paper about this? I mean any text clue that it is really this process the root cause (or one of root causes) of hyperinflation...

Interesting links, but a little opinionated, IMHO. I agree on principle, but the example of PC is really out of road: there are technical and economic reasons because chip cannot be compatible each other between different generations (I'm engineer and a technical marketing manager in a IT...

Best comment I read today. But... if the force of raising production needs more paper money to be bought at same price, which I agree, why we're experiencing an increasing amount of low quality products? More competition should give us more quality, don't you agree? I can give you a couple of...

True, but this is not a technology problem, it is the advantage of last comer (if smart enough). Moreover it is a proof of stupid use of money developed countries are doing: inflating bubbles (like real estate) instead to use abundant capitals to invest in their future. Standard behaviour of...