Mad @ Mgmt

with Walter Simson

December 2010

'Ta Barato Too

12/21/10

'Ta Barato Too

In the 1950s, Venezuela emerged from a benign dictatorship and became a representative republic. At the same time, the county's oil reserves, which are primarily in heavy (read muddy and hard to refine) crude became salable as refining technologies developed. This was seen as a boon.

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The Burden

12/07/10

The Burden

In our seemingly universal concern that the U.S. government's debt is too high, there is a seemingly universal phrase that is spoken to underscore the danger. Come on — we've all heard it: "This is a crushing debt that will burden our children and grandchildren...." Just for the heck of it, I googled the phrase "burden our children and grandchildren." Guess how many hits I got? How about 8.9 million? Simplify the search with just the words "burden" and "children" and you get 28 million. That is one big burden.

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