Most people say that US and Global Economy are in decline.
However everybody has different solutions. In the following piece, Harward Prof. Stephen M. Walt believes that it is the military and wars that have caused the US decline. But, the Cold War generated immense military spending, but did not cause the U. S. Decline. And the next piece I took for you is from Nobel Prize Winner Prof. Paul Krugman. He argues that useless spending for an imaginary defense project against aliens will save the US economy. Nobody will accept wasting tax dollars on imaginary wars. Then I added a piece from Mary Bellis. She summarizes 10 innovations we need.
I will cut it short and sweet here. The internet explanation engine is not a waiste of money, and has the real power to lift our world to a next level of civilization. This will free our world from all evils including money and employment slavery and will open the stage to the innovations mentioned by Mary Bellis. The US should lead our world into a freedom and new life like this. We should free ourselves from the evil thinking of wars. By the way, it is innovations which make growth. China grows with innovations from the US. The same innovations do not help us here due to our higer wages. We need that innovation engine running. These innovations as mentioned by Mary Bellis can be achieved by first building the internet explanation engine. It is is the only chance to turn the tide of this decline. I will go on with this later with fresh developments as they arise.
Paul Krugman goes into the Twilight Zone.
Thomas MuchaAugust 12, 2011 15:30
A protestor dressed like an alien holds a banner during the United Nations Climate Change Conference 2009 on December 8, 2009 in Copenhagen, Denmark. (Miguel Villagran/Getty Images)
When you’re a Nobel Prize-winning economist, you get a lot of leeway.
That was clearly the case today when Paul Krugman crafted a logical and out-of-this-world argument for greater government spending.
Check out this fascinating and spectacularly nerdy economics discussion between Krugman, former IMF chief economist Ken Rogoff, and CNN’s Fareed Zakaria:
Fareed Zakaria: Wouldn’t John Maynard Keynes say that if you could employ people to dig a ditch and then fill it up again, that’s fine, they’re being productively employed, they’ll pay taxes, so maybe the bigger – maybe Boston’s big dig was just fine after all.
Paul Krugman: Think about World War 2. That was not – that was actually negative social product spending, and yet, it brought us out. I mean, probably because you want to put these things together, if we say, look, we could use some inflation. Ken and I are both saying that, which is, of course, anathema to a lot of people in Washington but is, in fact, what basic logic says. It’s very hard to get inflation in a depressed economy. But if you had a program of government spending plus an expansionary policy by the Fed, you could get that. So, if you think about using all of these things together, you could accomplish a great deal. If we discovered that space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be a better –
Ken Rogoff: And we need Orson Welles, is what you’re saying.
Paul Krugman: No, that’s a – there was a “Twilight Zone” episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don’t need it – we need it in order to get some fiscal stimulus.
Top 10 Inventions Needed – Future Technology
By Mary Bellis, About.com Guide
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This was a wish list that was originally intended to provide inspiration for inventors. First written in April of 1997, I thought it might be fun to follow-up each year and find out if anyone has been working on these ideas for future technology. I have included websites for you to “check out” inventions that are, are close to, or kinda close to what I am hoping will soon exist in the technology available to us presently.
1. Future Technology – Free Energy
I want my energy bill to come only once, not every month. So be it solar or electro-magnetic, please make it personal and portable with batteries that keep going and going.
Check out – D.O.E. Energy Efficiency and Renewable Energy
2. Future Technology – Transporter
What kind of technology is required to scramble a person’s atoms and send them for regrouping in foreign lands all in the blink of an eye? Imagine, I could work in Tokyo and sleep in Paris. Beam me up.
3. Future Technology – Replicator Technology (Stuff for Free)
Every time I saw Captain Picard (Star Trek Next Generation) ordering his Earl Grey Tea or Councilor Troy getting a triple alien fudge dessert from one of those replicators on the Enterprise, it made me jealous. I imagine you could send the dirty dishes back to the void where they came from. BTW, a replicator is a device that uses transporter technology to dematerialize quantities of matter and then rematerialize that matter in another form.
4. Future Technology – Universal Communicator
Forget long distant bills and roaming charges (especially with me working in Tokyo and sleeping in Paris). I want a very small device that lets me talk and see anyone, anywhere and anytime. All for the price of the device and please throw in the ability for universal translation for a modest surcharge.
5. Future Technology – The Cure
For you name it.
Check out – Curing Brain Diseases by Growing New Cells?
6. Future Technology – Fountain of Youth
As a woman I consider this as a no-brainer desire for future technology. The “Fountain of Youth” was a legendary spring that renders anyone who drinks of its waters permanently young. What is the real future technology that will extend our lives and keep us looking youthful without surgery?
7. Future Technology – Protective Force Field
To shield me from the sticks and stones.
Check out – A Force Field for Astronauts?
8. Future Technology – Flying Cars
I want a smooth ride all the way and I hope it’s a convertible.
9. Future Technology – The Battery Operated Butler Did It
What can I say – housework sucks.
Check out – Robotics and Robots
10. Future Technology – The Time Machine
I have a few famous inventors I would love to meet in person and the idea of messing with the time-space continuum is exciting as well.
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