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Inflation Remains a |
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| Many Americans assume that inflation is rising. They fear that the recent increase in commodity prices will lead to higher finished goods producer prices and then higher consumer prices. This fear is intensified because people tend to notice when prices go up for products they buy most often.
As economist A. Gary Shilling points out in a recent commentary, such “widespread fears of inflation are understandable. Historically, inflation is a wartime phenomenon when government spending is huge, while deflation reigns in peacetime. Still, the nation suffered a uniquely long 60 years of war, which started with rearmament in the late 1930s, was followed by World War II, which promptly gave way to the Cold War that was augmented by the War on Poverty. So, most Americans have never experienced anything but inflation, which they believe is the way God made the world.” |
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미국의 신용 위기 |
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| 오늘날 미국인 대부분은 더 이상 정부 및 정부기관, 정치인, 학계, 미디어, 기업 경영진, 의료 서비스, 심지어 정치 과정 자체를 신뢰하지 않고 있다. 이러한 전반적인 신용위기의 원인은 무엇일까? 정치, 경제, 문화적 의미는 무엇이고, 이 신용을 회복하기 위해 무엇을 해야 할까? |
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The Age of Watching |
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| Back in the early 1990s, a company called Tele-TV tried to launch a new service: television programs delivered over telephone lines. The first problem was that their technology wasn’t ready for prime time. It was still pretty much dream-ware in 1993. |
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Nutrition Deferred |
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| Today, much of the world remains malnourished, despite the increasing availability of technological solutions to the problem. What we’ve done is defer nutrition for hungry people because of widespread fear of genetically modified foods. |
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