American - Journalist | -
The so-called skills gap is really a gap in education, and that affects all of us.
Adam Davidson
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Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry.
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One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.
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The economy works best when better ideas win out over worse ideas, harder work wins out over less work, when it's a fair fight in the marketplace.
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Lots of countries have great constitutions, but their leaders have a practice of ignoring the rules whenever they feel like it.
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If large numbers of people believe they have no shot at a better life in the future, they will work less hard and generate fewer new ideas and businesses. The economy, as a whole, will be poorer.
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Art is often valuable precisely because it isn't a sensible way to make money.
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It makes me happy to think that this world of art-as-investment is a minuscule fraction of the art world overall. Most people who create, trade and own art do it for a much simpler reason. They just like it.
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Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
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A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.
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The economics profession advances by one confusing financial disaster at a time.
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If your business is really easy to do, don't gloat. You might be out of a job soon.
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