Williams shows how the world doesn't make sense. Via Zerohedge.
Financial engineering in response to Fed ZIRP and a global tax scheme that makes profit repatriation expensive. I hope that once the Fed get's everyone levered up, they will be happy with the result. Those who wish to see a documentary on global tax arbitrage via financial engineering can look here.
The analysis shows that the costs are quite high.
"There are, at least, three possibilities:
1. It shows that there's something fishy about happiness research.
2. It shows that utilitarianism is wrong.
Causing someone's unemployment is qualitatively different from causing someone's death - especially if you intend one but not the other - and you just cannot compare them on the same scale.
3. It shows that unemployment is indeed a social evil of huge magnitude, a fact which we don't realise because the jobless are socially and politically marginalized.
Personally, I'm not sure how to respond."
Sigh: Quotes a Colorado reader:
"I ran some searches and discovered that of the more than 100 highest paid employees in the district none of them is in a classroom, and all of them are making more than $100k."
The problem of teaching in the US is not that they spend too much money on them or that they are unioinized.
According to this website: