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The Curse of Infrastructure

The Curse of Infrastructure

The Curse of Infrastructure Every time I drive to the office there are 11 separate stoplights along my route. Based on some cosmic luck-of-the-draw, two thirds of the stoplights will either be red or green, and the time it takes me will vary from 12 to 22 minutes....
When Countries Go Bankrupt

When Countries Go Bankrupt

When Countries Go Bankrupt In December 2006, Britain made its final payment of $84 million on a $4.34 billion loan from the U.S. that was made all the way back in 1945. Germany wasn’t the only country to go bankrupt after WWII. This money allowed Britain to stave off...
Inventing Our Next Great Scarcities

Inventing Our Next Great Scarcities

Inventing Our Next Great Scarcities Scarcity is defined as an economic condition that arises when people have far greater wants than the available resources. Most often we think about the limited supplies of natural resources, but it includes far more than that. As an...