By Tae-Sik
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July 3, 2020
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~8 min read
We associate a bureaucracy with words like stodgy, slow, formal, inefficient, procedural, wasteful, and expensive. Where do we find bureaucracies? Usually in large companies and organizations. In government offices on a local, city, county, state and federal level. There may be less obtrusive bureaucracies in smaller establishments. What do bureaucrats and bureaucracies do? They have […]
By Tae-Sik
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May 22, 2024
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~12 min read
Question: Excessive money printing and fiscal spending are often cited as causes of financial instability. However, if a government issues bonds and the central bank buys them (essentially monetizing the debt), wouldn't this just lead to inflation without necessarily creating other problems? Answer: Excessive money printing and fiscal spending can indeed lead to financial instability, […]
By Tae-Sik
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May 28, 2024
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~10 min read
You observe an aquarium filled with an assortment of small trees. The trees on the right seem larger, healthier, and more robust compared to those on the left. In fact, the further you look to the left, the less healthy the vegetation appears. You notice a water spigot located in one corner of the aquarium […]