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Adam Davidson

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.
Adam Davidson money
When you see a merger between two giants in a declining industry, it can look like the financial version of a couple having a baby to save a marriage.
Adam Davidson marriage
The cardinal rule of taxation is that whatever you put a levy on, you'll inevitably get less of. Taxing corporate activity means less investing, less hiring, fewer jobs and a smaller economy, which hurts the rich, the poor and the middle class alike.
Adam Davidson hate
If an alien with an accounting degree touched down in America, it might conclude that we're a weird cult that spends 11 months living frugally and four crazy weeks buying tons of stuff we don't need. It wouldn't be entirely wrong, either.
Adam Davidson living
Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And for centuries, the complaints about it have largely stayed the same: 'It does nothing! It creates chaos! It's a parasite that sucks hardworking Americans dry!'
Adam Davidson love
Holiday binge-buying has deep roots in American culture: department stores have been associating turkey gluttony with its spending equivalent since they began sponsoring Thanksgiving Day parades in the early 20th century.
Adam Davidson art
Poverty is not the simple result of bad geography, bad culture, bad history. It's the result of us: of the ways that people choose to organize their societies.
Adam Davidson history
Lots of countries have great constitutions, but their leaders have a practice of ignoring the rules whenever they feel like it.
Adam Davidson leaders
'Reinventing the Bazaar,' by John McMillan, is a great and fun introduction to the wild variety and importance of markets throughout history and around the world. I finally understood how a Middle Eastern souk actually works economically and how to compare that to modern-day telecom-spectrum auctions. I love that book.
Adam Davidson love
The America that I think most Americans would want, most economists on the right or left would want, is one in which a smart, ambitious, hardworking person without a huge amount of resources has a pretty good shot, in the end, of beating out a less smart, less ambitious, less hardworking rich person.
Adam Davidson art
In poor countries, the rich and powerful crush the poor and powerless.
Adam Davidson power
The idea of confidence, of the emotions of the population, is an incredibly important one in economics. John Maynard Keynes called it 'animal spirit.' And if people are feeling generally good about the future, they're more likely to spend money, to start new companies; companies are more likely to hire people, make investments.
Adam Davidson art
Economics is not a discipline that comes to correct answers - economies are too complex.
Adam Davidson discipline
Whenever you hear news about jobless claims or the unemployment rate, you should translate that in your mind to one simple phrase: Stay in school.
Adam Davidson mind
Happiness quantification sounds a bit wishy-washy, sure, and through a series of carefully administered surveys across the globe, economists and psychologists have certainly confronted a fair number of sticky issues around how to measure, and even define, happiness.
Adam Davidson happiness
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.
Adam Davidson work
The Internet is, among other things, a massive, chaotic marketplace. Too much information, it turns out, is a lot like no information.
Adam Davidson information
Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy.
Adam Davidson physics
We can fight over what the taxation levels should be, but the tax system should be very, very simple and not distortionary.
Adam Davidson fight
When you cover the economy as a reporter, there's one part of the job that is always easy: finding economists who disagree.
Adam Davidson art
The American dream always meant that anybody willing to put in a hard day's work could make a decent living. That's just not true anymore for people without at least some post-high school education.
Adam Davidson education
Happiness statistics may be most valuable in smaller, local discussions. Understanding how different sorts of programs affect the well-being of citizens would be enormously helpful to a mayor choosing between building a new bridge or offering a tax cut.
Adam Davidson sin
If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.
Adam Davidson history
A majority of Americans support Social Security and Medicare, a progressive tax system and a government that regulates business in the public interest, but most share deep skepticism about the government's ability to do all this well.
Adam Davidson men
The world I want to live in is a world where everybody is a bit more uncertain about their arguments and is a bit more open to other people's arguments. I think that we can engage ideas without ad hominem attacks.
Adam Davidson people

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