Dr. Len Nichols appears, at first glance, to be a reasonably unremarkable fellow but appearances can be deceiving. In fact, Nichols is one of those fortunate mortals who gets paid to think (which, parenthetically, is my idea of a really great job). I didn’t think to ask but I’d guess that Dr. Nichols is much [...]
Currency has value because people decide, collectively, that it has value. If you stop and think about it, the dollar you use to buy that Snickers® bar is nothing more than a piece of paper with a lot of elaborate printing on it. The piece of paper has meaning because we have all agreed that [...]
It often seems that economic development goals and initiatives conflict with economic policy goals and initiatives, because the goal of developing self-sufficient, sustainable local and regional economies does not satisfy the goal of simply growing the economy. That is why, while it is impossible to develop an economy without spurring growth, it is possible to [...]
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from The Journal Blog