Prior to the Great Depression policy makers in the United States generally tended to accept that business cycles happened and in accord with Adam Smith's "invisible hand," tended to be self-correcting. The stock market crash of 1929, and the more general problem of massive unemployment forced a reconsideration. Smiley (2008) and Bernstein (2016) both point out that the human face of the Depression left no choice but for some government intervention. Jahan and Papageorgiou (2014), discussing Keynesian Economics put it plainly: “The central tenet of this school of thought is that government intervention can stabilize the economy.” The centerpiece ...
Essays on Pencils
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Henry Wadsworth Longfellow
It is common knowledge that every well-educated person should know, understand and appreciate music. However, no matter how well aware of various composers and genres people might be, many of us find it difficult to feel it. There are numerous examples of musicians who can technically perform a piece, but when you listen to them playing, you realize that you might as well listen to a robot. Only the emotion behind the melody gives music a truly human feel and makes it a universal human language that will be understood all over the world. Thus, it is extremely important ...
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