As any freshman economics student should know, the Gross Domestic Product, GDP, is a measure of spending, derived from the Gross National Product, GNP, defined by Simon Kuznets during the Depression (click here for econlib). GDP is, at best, an indirect measure of wealth. The Genuine Progress Indicator, GPI, defined by Think Progress in 1995, [...]
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Tweet During the Great Depression the Classical Economists said “Unemployment is voluntary. Business owners will not voluntarily keep the means of production idle.” While he had been a student of classical economics, John Maynard Keynes observed that the data didn’t fit the theory. And, he reasoned, if the observable data don’t fit the theory, [...]
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Wisconsin Governor Scott Walker is trying to stimulate the economy by eliminating corporate income taxes and regulations on businesses and cutting taxes on wealthy people (click here or here). These kinds of activities do stimulate GDP. Here’s how. Wealthy people, like Lindsay Lohan, Brittney Spears, Mel Gibson, and Charlie Sheen have people, including paparazzi and [...]
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Via TheStandard.Net, By Loretta Park (Standard-Examiner Davis Bureau), (click here for article) South Davis Metro Fire Agency Deputy Chief Jeff Bassett said the explosion occurred because a pipe carrying hydrogen and diesel overfilled and sent some of the product onto the ground, where it pooled. It found an ignition source, a furnace, which caused the [...]
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The same messages can be communicated by signalling the letter "K" in Morse code via signal lamp. (While a proper signal lamp may be ideal, a flashlight, probably best employing red LEDs, will certainly fit the bill).
In Morse, the letter "K" is represent as Dash - Dot -- Dash.
The ICS also has a subset, the Medical Signal Code, which uses three-character phrases to communicate brief medical messages.