Top Boston University Economist Laurence Kotlikoff says the U.S. Is Bankrupt and should double taxes

Top Boston University Economist Laurence Kotlikoff says the U.S. Is Bankrupt and should double taxes

Top Boston University Economist Laurence Kotlikoff says the U.S. Is Bankrupt and should double taxes

The day after I posted my ‘The US Economic Crisis – Spending, Debt and Possible Solutions’ blog post:

https://pusz4frog.wordpress.com/2010/08/09/the-us-economic-crisis-%e2%80%93-spending-debt-and-possible-solutions/

Bloomberg published and article by top Boston University economist Laurence Kotlikoff titled ‘U.S. Is Bankrupt and We Don’t Even Know It’:

http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html

Let me tell you, it is a real downer of an article, since it basically summarized the blog post I had made the day earlier:

We are screwed because there is simply no way to balance the US budget and pay off the national debt, without doubling everyone’s taxes, and even then it would take a couple of decades.

It is nice to know that a top economist and Bloomberg basically said the samething I did, but I would much rather that our country didn’t have the problem in the first place.

The article basically provided the following ‘good news’:

‘What it [USA] can and must do is radically simplify its tax, health-care, retirement and financial systems, each of which is a complete mess. But this is the good news. It means they can each be redesigned to achieve their legitimate purposes at much lower cost and, in the process, revitalize the economy.”

It might sound like ‘good news’ but it is missing a key ingredient – politicians in congress with enough balls to put the betterment of the country ahead of the corporate interests that paid for them to win the election, the party politics, own self-interests and thier own fear that if they do anything all about anything – they might not win re-election.

We need some politicians who will make the tough decisions to:

1) Limit the payments of the ponzi scheme known as Social Security, and actually reduce them. This will mean the people who paid in will get screwed, but it means their children and grand children will be better off. I just don’t think the selfish baby boomer’s will care, and will whine like babies and threaten to riot in the streets, which will scare the pussy politician in to not doing it.

2) Scale back the US role as the police force of the world. The $678 billion US military budget is larger then all the other countries (on the planet) combined military budgets. It is ridiculous that we spend so much money on our military.

3) Significantly raise taxes over a period of years, till the cuts in Social Security and the military reach a point where the budget is balanced and we can start paying off our nation debt.

See, it really is simple. Right?

Good Luck again people.

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6 thoughts on “Top Boston University Economist Laurence Kotlikoff says the U.S. Is Bankrupt and should double taxes

  1. Debt is neither a defeat nor death. Also, it is neither a disease nor a devil, in most cases, it is a status symbol too.

    Coming to realities, debt is an accumulated deficit over a period of time. It is nothing but the inevitable borrowings used for supporting people with health care, education, infrastructure, relief, subsidies, goods and services.

    Thus, nations must stop worrying about debt and start working for rising incomes to meet their needs and, there is no point in wasting time and resources on debates and discussions.

  2. Problems:
    Man created money and made it powerful too, thus the problems.

    Remuneration:
    Remuneration is for efforts and results, not for qualification or knowledge.

    Omissions:
    We omit errors to invite mistakes, thereafter blunders; finally we give excuses or bite the dust.

    Knowledge:
    Knowledge, if not delivered, disappears.

    Seeds of progress:
    Wise men prefer to wear-out since they believe that – it is better to wear-out than to rust-out. Unless we dissatisfy with the things around, we do not think of something better, thus the achievement of betterment is achieved since – there is always a best way of doing anything even it were to boil an egg.

    Ruling cultures:
    Rules rule the negative minds; service rules the positive ones.

    Performance Standard:
    Aiming at excellency without achieving consistency is absurd.

    Quality:
    Never discuss quality since the term “quality” is a relative term, not an absolute one. Quality of goods and quality of persons is one and the same since both must address reliability and dependability.

    Results:
    Work gives output, contribution gives growth, innovation gives revolution.

    Philosophy:
    It needs an out-of-the-box imagination for understanding and development.

    Giving is gainful:
    Giving is an investment for gaining, it is neither an expenditure nor expensive. Thus, give liberally and get the fruits and experiences.

    Real Challenge:
    If a change cannot change a change, it is no more a change. Ideally, minor changes must deliver mega changes (benefits), thus design of small changes for deriving mega changes is the real challenge of our world.

    Mind’s Rigidity:
    Egotism is the rigidity of mind in a flexible body. The degree of rigidity is the extent of brittleness – the inherent characteristic that causes cracks and failures. Open-mindedness is the remedy that ensures success, peace and progress.

    Professionalism:
    Rational thinking and logical approach must be the two eyes of a true professional, deviation from this principle causes derailment.

    Real failure:
    Failure to put efforts is the real failure.

    Genuine witness:
    Time tells truth since it is the biggest enemy of all and afraid of none.

    Leadership:
    Biased leaders bypass progress.

    Innovation:
    Innovation is the insignificant portion of creativity passing through bureaucracy i.e. net creativity.

    Vision:
    God gives eyes, we need to develop vision.

    Postponement:
    Postponement postpones prosperity, attracts calamity and, drags us to the dustbin.

    Meeting is profitable:
    Meeting more people means meeting more success since knowledge, ideas and prosperity comes mostly from meeting people.

    Ideas:
    Ideas originate from imagination. Thus, ideas are imagination-sensitive. They are neither age-sensitive nor power-sensitive nor position sensitive. The talent conceives and the genius buys.

    Inability:
    We cannot find a solution for every problem since we do not reach the root of every problem.

    Wine’s Wise Principle:
    We blame wine since it drowns more people than the sea, but it is drowns just the people, on the other hand, egotism is killing innovation and creativity essential for the overall progress, this fact and its impact are getting ignored for reasons best known to all involved.

    Cause of tears:
    Egoism is drowning organisations, nations and people in troubles and tears.

    Nori Theory of Efforts (NTE):
    For a dedicated worker, failure is an input and success is an output, he is untouched by both failures and successes.

    Nori Placement Theory (NPT):
    We seldom succeed if we place preferences in place of priorities, further, by setting priorities wrongly.

    Route for results:
    Unless we burnout, we cannot bring-out results.

    Efforts & Results:
    Seldom stop efforts since failures can fail results, not efforts.

    Insincerity:
    Undirected efforts dilute results and dump us in the dustbin.

    Value of Earth:
    Nothing on earth is more valuable than earth.

    Deviation:
    The corrupt corrupts the corrupt, this erupts the whole world.

    Revenge:
    Forgiveness ends revenge.

    Anger:
    Rising anger raises risk.

    Curiosity:
    Death alone can kill curiosity.

    Hiding self:
    No one can hide himself.

    Voting & Counting: Democracy does not mean either voting or counting.

    Imagination: Imagination does not come from qualification, age, or knowledge.

    Winning:
    We drown if we do not draw-out our strengths.

    Changing merits:
    Questioning and reporting abilities dumped reasoning and research abilities in dustbin, so creativity.

    Wine:
    Few drink wine, wine drinks many.

    Problems:
    We rarely get problems, often we buy them.

    Make a mark:
    Live and leave a mark everywhere since we step-out from everywhere we step-in.

    Deathless Activity:
    Sale and purchase are the two activities we created on earth, thus, it is seldom possible to discover the third one.

    Our PC World:
    Few thousands are uploading, several millions are downloading and thus, internet turned intranet.

    Commerce:
    Cooperation proportional to the need is business, extending further is affluence.

    Boldness:
    Dare, do not drift, since future belongs only to those who dare.
    Immortal:
    Become a creator by giving ideas and remain in the history forever unlike others that remain only in records.

    Solo-motive:
    We fail if we sail solo since man is a social animal by nature. We also fail when we fail others. Interestingly, we fail only when we fail others, else, no reason for us to fail.

    Locomotive:
    Be a rail engine that runs and pulls simultaneously many at the same speed, importantly and most significantly, in the same direction.

    Records:
    We build records for others to break.

    Standards:
    We set standards for others to excel.

    Leader:
    Leaders welcome ideas, others snub.

    Fuel for the wheels of the world:
    Ideas are the only fuel fuelling our world ever since the birth of earth, killing them kills progress and prosperity.

    Comparison:
    Everyone on earth is unique, both by iris and fingerer prints, then where the question of comparison.

    Ideas:
    Buy, beg or borrow – do not steal.

    Competition:
    Don’t compete, excel

    Innovation:
    Often, innovation comes from those who got disgusted with the current methods, systems and designs.

    Designation:
    Designation dignifies none, but decorates few and ornaments many, for too many – it is deceitful.

    Preferences:
    We always prefer to live up to our expectations. We seldom prefer to live up to His expectations. Thus, He is unhappy with us, if we have faith in Him.

    God:
    God has no religion since HE is God.

    Religion:
    God knows no religion since HE is God. Thus, a true religious mind knows no religion.

    Misery:
    We often choose wrong measures to measure success, very often; this is the root cause of for unhappiness, jealousy, dissatisfaction, disappointment, distress, disease and death.

    Seeking Advices:
    We seek advice because we are unable to distinguish between a good advice and a bad advice.

    Autonomy:
    If you can distinguish between a good advice and a bad advice, you need no advice.

    Immunity:
    Those who cannot distinguish between a good advice and a bad advice, needs an advice.

    Team Building:
    Building a team and maintaining the team-spirit throughout are the biggest challenges on earth.

    Acknowledgements:
    Gratitude, whether expressed deliberately or not, is a great acknowledgment, whereas, ingratitude is the greatest sin.

    Team Ethics:
    No one can be the part of a team, including the team-head, if he cannot see the things from the other man’s point of view. This is the real challenge for a team-builder.

    Team Value:
    A team of two is stronger than a group of twenty.

    Compliments:
    Be quick to acknowledge though late to compliment, this surely produces great results and maintains team spirit essential for overall success.

    Committees:
    A committee of twenty is a group of twenty, not a team of twenty.

    Treatment:
    No one can please his children by displeasing His children.

    Goal fixing:
    Short-range goals bring short-lived happiness; long-range goals give life-long happiness, no goal no life.

    Fulfillment:
    Both success and satisfaction come simultaneously through self-assigned assignments.

    Earth’s Rigid Principle:
    Mother Earth impartially merges all forms of life taken birth on it in it and permits none to carry even a dust particle.

    Participation:
    The toughest job on earth is to engross people in work.

    Meetings:
    Meetings become meaningless if the outcome is – When to meet again.

    Titles:
    Our suffixes and prefixes seldom produce results, except efforts.
    Communication:
    We often do conversation and call it communication, thus the problems.

    Segregation:
    The toughest job on earth, even for the wisest of earth, is to segregate the good and bad.

    Needs:
    We have few needs and several needless needs, thus the trouble.

    Escapism:
    We breakout when we fail to burnout.

    Learning:
    We cannot do learning if we fail to enjoy learning.

    Working:
    We cannot deliver goods if fail to enjoy working.

    Dual Failures:
    If earning is the sole purpose of learning, we miss both.

    Mildness:
    No one is mild since everyone is adequately wild.

    Blindness:
    Everyone is blind, but differently.

    Foolishness:
    Everyone is a fool to the extent it is beneficial.

    Determination:
    Determination is the only force driving us towards destination, motivation can alone induce it.

    Imitation:
    Do not imitate others – replicate God if possible.

    Jealousy:
    Jealousy is the biggest killer of creativity. Do something for it, if you can.

    Powers:
    Delegation of powers does not mean dilution of power, judicious acts earn respect, responsibility, creativity, productivity and profitability – think it over.

    Giving:
    Few can give knowledge, many can give money, none can give peace.

    Guru:
    Many can teach, only few can impart knowledge.

    Blinding:
    Reading with eyes causes blindness.

    Reading:
    Eyes can read matter, not messages.

    God in vicinity:
    You need not serve God if you serve your fellowmen, you need not serve God if you do not serve your fellowmen.

    Readers’ Ship (Readership):
    Many can read, few can understand, fewer can digest and the fewest can follow, thus management and writers fail to drive messages.

    Profit:
    If knowledge is not profitable, nothing else is recognizable.

    Killers on earth:
    None on earth is more dangerous than the utter selfish and the jealousy. Thus, shielding against these elements is more tiresome than building competency since the problem of survival is not only to eat, also to avoid being eaten.

    Fitness:
    If knowledge is removed from profit, the balance becomes a misfit since it cannot remain as pro-fit.

    Profit vs Growth:
    Productivity gives profit, ideas give growth.

    Identity:
    Nationality is only an identity, it is neither a prefix nor a suffix, thus adds value to none.

    Priorities:
    Leaders work on important jobs, Managers work on urgent jobs, thus their destiny.

    Action adjournment:
    The knowledgeable never yields, the inefficient seldom disobeys, this is the crux of the problem for the management since it lies between the devil and the deep-hole.

    Shortsightedness:
    This world is suffering with frogs in wells and bore-wells.

    Relaxation:
    Today is the birthday for many, tomorrow is the last day for many, thus, there is no scope for postponement.

    Last laughs:
    Whenever new ideas crop-up, insecurity feeling bothers the incompetent most, the competent celebrates and promotes.

    Deadwood:
    No one becomes deadwood by age, we become deadwood by our mindset, the creative-class seldom becomes deadwood at any age.

    Environmental regulations:
    No one is really interested in protecting the environment since it is a common property, but everyone is spending to meet the regulations since it is a must for his existence.

    Credit stealing:
    Leaders produce results, managers manage results; the clever-class reports them and enjoys the fruit. The innocent-class watches the game silently and remains as a mute spectator. This situation mounts displeasure and makes the intelligent-class to quit. Very few managements in the world are addressing this problem.

    Origin of Quality:
    Quality of goods and services come only from the top management. In no case, it can originate at any other level.

    Author: NVSN Murthy (Nori VSN Murthy), Independent Research Scientist (metallurgist), Age: 58,
    Status: a temporary visitor on earth serving people and nations through re-scripting facts and fundamentals for oneness, peace and progress.

  3. Pingback: Dear Morons in Congress, here is a solution to the Debt Crisis 2011 « From the Frogs Mouth

  4. Pingback: Dear Morons in Congress, here is a solution to the Debt Crisis 2011 « From the Frogs Mouth

  5. NORINOMICS
    A New Economic Philosophy with a Human Face
    (MY Contribution to MY People of MY Planet)

    (1). Economy :
    Happiness of the people is the real economy of a nation and all other things are traps.

    (2). Economics :
    The mechanism that makes the people happy is called economics.

    (3). Misapprehensions :
    GDP, Forex, Sensex and Inflation are not elements of economy; therefore they cannot measure the economy of a nation.

    (4). Inflation :
    Inflation is the market-exaggerated-disproportion in the production, distribution and consumption of goods, services and wealth. Therefore, this planning-sensitive element is not a relevant parameter for effective assessment of the economy of a nation since the imbalances disappear either by planting preventive measures or timely corrective actions or permanently installed system-controls for timely actuation of precisely installed regulators.

    (5). Economist:
    Agriculture is the epicentre of economy, thus, no nation can survive if its farmer is suffering since agriculture and the mechanics of economics are the two reactants rigidly controlling and producing the final product generally being referred to as “Economy”, which too, is directly proportional to the speed at which a nation moves its men, material and money and, is accurately measurable for specifying its index by an economist who has sensibly blended fundamentals with commonsense and constantly qualifying himself as a precise tool for the intended job.

    (6). Numbers & Digits:
    Economists not isolating economy and economics from numbers and digits are destroying their nations.

    (7). Economic policies:
    Evaluate first, then adopt and finally adapt since economics is a subjective subject with objectives subjective and role-sensitive.

    (8). Wealth:
    Wealth can neither be created nor destroyed, but it transforms into several forms and possesses enormous potential to alter the dynamics of economics, its misplacement or displacement causes proportionate degree of imbalances in the economy of the nation.

    (9). Money:
    Money accumulation does not mean wealth acquisition since money seldom measures the strength of a nation or individual, more so, yellow metal.

    (10). Real asset value of a nation:
    Money in circulation is the real asset value of a nation since it is the only asset working for the nation, hence, the higher the better.

    (11). Cooperation:
    Cooperation is the orthocentre of economy and is directly proportional to the need and inversely proportional to the greed of the nations. Nations necessarily viewing cooperation as basic necessity become all-time rich.

    (12). Bedrocks of economic growth:
    Fair play, benefit-balancing and cooperation are the keystones that accelerate economic growth – destroying them is destroying nations.

    (13). Governance:
    Business is not the business of the government. Therefore, nations must not involve in any commercial activity since their only business is governance, policy making, administration, safety and security of the people, food and health security, draught and flood control, conservation of wildlife and forests, pollution and inflation control, infrastructure development, environmental protection, public service, standardization, rationalization and simplification of rules, regulations and procedures.

    (14). Farmer’s Role:
    Politicians in power seldom comeback to power by ignoring farmer, politicians aspiring power seldom come to power by ignoring farmer, political parties ignoring farmer do not survive.

    (15). Present status of economics:
    Economics became Agonymics since politicians removed economics from social science and merged it with power politics to suit their convenience. Therefore, economics no more deals with production, distribution and consumption of goods, services and wealth.

    (16). Mystery of Economics:
    Unlike science, engineering and mathematics – economics can be poured into any vessel of any shape and size. This is the fluidity of this volatile subject and the same is the complexity too, thus, the so-called turbulence.

    (17). Invasion:
    Politicians invaded the theory & principles of economy and economics, therefore, these vital topics are no more understandable.

    (18). Poverty Allotment:
    Politicians reserved poverty for the poor and prosperity for themselves.

    (19). Poverty Alleviation:
    Poverty alleviation elevated politicians and eliminated the poor.

    (20). Cost of Nothing:
    Nothing is free in this world since everything comes from nothing.
    Nothing is free in this world though everything comes from nothing.

    (21). Cost of Price:
    Since everything comes from nothing, the initial cost of everything is zero, as the value adds up, so does the price.

    (22). Nation’s Health:
    Wealth is not a measure of nation’s health.

    (23). Speed Means Growth:
    The economic growth of a nation is directly proportional to the speed at which the nation moves its men, material and money. However, safety and cost-effectiveness are vital considerations.

    (24). Wear:
    Wear is the single largest employer of our on earth. Also, it is the biggest controller of economy and economics of our world.

    (25). Remuneration:
    The more you give, the more you get – both remuneration and satisfaction.

    (26). Nature (The Greatest Teacher on Earth):
    Nations adopting nature’s laws become healthy.

    (27). Global Peace Pill:
    Do not do for others what you do not want others to do for you.

    Adopt “LoveAll-HateNone“philosophy originated from Humanity, therefore Humanity is the essence of all religions, faiths and philosophies of our acquisitive world.

    Most importantly, for all those who believe in God, Humanity is the visible form of God.

    There is God in everyone; we need eyes to see Him.

    We acquire everything only to carry nothing.

    A true religious mind knows no religion since GOD knows no religion.

    No one is bad since everyone belongs to God.

    We ask what we want, God gives what we need.

    Laws not built on humanity do not last longer.

    There is God within, we need humanity to see Him.

    (28). Need of the hour:
    Sow humanity and reap peace. Sow peace and reap progress. Sow progress and reap prosperity. Sow prosperity and reap endless happiness.

    Therefore – Humanity is my caste, Humanity is my community, Humanity is my religion, Humanity is my creed, Humanity is my race, Humanity is my tribe, Humanity is my region, Humanity is my nationality, Humanity is my language, Humanity is my mother-tongue, Humanity is my consideration, Humanity is my philosophy, Humanity is my approach and Humanity is my way of life. Finally, Humanity is my whole world.

    (29). Inseparables:
    Pain and gain, body and soul, day and night, light and heat, noise and vibration are inseparables. Therefore, do not waste time for this.

    (30). Inevitables:
    Failure and success are like day and night, ignore them and strive for stability.

    (31). Source of failure:
    At times we fail, at all other times we are failed.

    (32). Statics and Dynamics:
    Be dynamic since nothing on earth is static, including earth.

    (33). Cause & Cure of Death:
    Death means unwillingness to change.

    (34). Acquisitions:
    Balance your acquisitions since no one can carry anything.

    (35). Hiring tasks:
    Qualification seldom qualifies anyone for employment, percentage of marks does not mean merit, age does not mean maturity, experience does not mean knowledge, talent does not mean wisdom, sincerity does not mean creativity, drive does not mean determination, motivation does not mean innovation and honesty does not mean productivity and outspokenness does not mean output.

    Therefore, employers must develop exacting tools to measure performance and creativity essential to assess usefulness and wage-worthiness. Individuals, Institutions and nations ignoring these facts end up in recruiting non-contributors and non-performers.

    (36). Change:
    Only a change can change a change and change alone can challenge a change along with the inevitable uncertainties associated with every change. These are the real challenges of life for the present and future generations.

    (37). Uncertainties:
    Uncertainty is more certain and more inevitable than the most inevitable change and challenges.

    Thus, entrepreneurs must be more vigilant than never before since emerging technologies demanding abrupt changes need abnormal potential to absorb changes and challenges associated.

    (38). Measure-worthy elements of a person:
    Money, power, position, popularity, personality, qualification, experience and age of a person are not measure-worthy since performance and contribution alone matters.

    (39). Science:
    So far, science has miserably failed to understand the nature, its secrets and several things happening around. For reasons best known to all concerned, man-made tools like science, engineering and technology continue to fail forever, in spite of this hard reality, we must continue respect science since it carries the entire essential potential essential to add sweetness and flavour essential to make life worth living and enjoyable.

    This fact is nothing but truth. Therefore, let us go along with the nature as thoughtfully did by the wisest and the most knowledgeable ancient people of our planet.

    (40). Cost of selfishness:
    Sun sets only on selfish.

    (41). Source of smiles:
    Good people give smiles, other give tears.

    (42). Copying risks:
    Neither individuals nor institutions nor nations become leaders by following or copying the other, therefore, make laws, rules and regulations relevant to the nation since the needs, problems, priorities and culture of different nations are different.

    (43). Success:
    Success seldom comes by following or copying or imitating, this analogy is true for individuals, institutions and nations.

    (44). Heroism:
    Genuine leaders follow heroism and seldom choose beaten tracks.

    (45). Life:
    Life is uncertain because death is certain.

    (46). Friendship:
    The most valuable and least respected commodity on earth is friendship, whereas, the least valuable and most respected commodity on earth is money.

    (47). Longevity:
    Those who live more, suffer more.

    (48). Earning:
    We earn more only to live less.

    (49). Eating:
    We eat more only to live less.

    (50). Strength & Stamina:
    God gave strength to men and stamina to women.

    (51). Truth:
    We seldom seek truth since we are comfortable with facts.

    (52). Facts:
    Facts are partial truths.

    (53). Lies:
    We talk lies to live less.

    (54). Disagreement:
    People of earth are fighting for an invisible GOD common for all.

    (55). God:
    God is universal, so, He is not different for different people.

    If God is different for different people, HE is no more a God.

    (56). Ideas:
    Ideas are more valuable than ideologists since every idea is a spontaneous overflow of powerful thinking and carries the potential to change the world.

    (57). Greetings:
    God seldom greets us because we are greedy.

    (58). Rules:
    If rules are not simpler, bitter will be the result.

    (59). Food:
    Agriculture gives food, arms give blood.

    (60). Birth:
    We take birth only to pursue death.

    The way we live, the way we die.

    Birth causes pain, death relieves pain.

    Birth and death are accidental since life is incidental.

    (61). Decisions:
    Woman knows where the shoe pinches most; therefore their involvement is vital in decision-making process.

    (62). Impossibilities:
    Nothing is impossible since impossibilities are time-sensitive and person-sensitive; therefore, let us continue to chase for solutions.

    (63). Time effect:
    Buying power of money is increasing day-by-day, therefore – today money is able to buy what it failed to buy yesterday.

    (64). Failures:
    Willing to fail puts life on positive mode, unwilling to fail causes distress, disease and death.

    (65). Weapons:
    Weapons cause weeping – quit them. Guns do not give smiles, missiles do not mount peace, bombs do not bag boarders, arms do not bring arms together, money do not melt hearts, wealth cannot wipe-off tears, therefore let us apply something which is more powerful i.e. humanity to solve and resolve our problems and disputes.

    (66). Tomorrow:
    Tomorrow is not there for animals and other forms of life that are wiser than human beings. For reasons best known to us, we did not buy this philosophy and therefore, we became unwise. Thus, we started acquiring things for tomorrow ignoring the fact that tomorrow’s existence and its availability to us is entirely in the hands of tomorrow.

    Finally, we must realize a fact that tomorrow is only in the hands of tomorrow; whereas, today is in our hands, therefore, let us contribute something today instead of waiting for tomorrow.

    (67). Savings:
    If I am saving something for tomorrow, I am depriving someone who needs it today (.) Saving something for tomorrow is depriving someone who needs that something today.

    (68). Postponement:
    Do it today since tomorrow is too late for a good job.

    (69). Spending:
    We need to save something for a rainy-day which is bound to come to all of us, one day or the other.

    (70). Words:
    Words have no meaning of their own since they are subjective and thus, user-sensitive. Hence this world is a battle field for definitions.

    (71). Our World:
    Mad people think others are mad, others think the other way round. No one knows who is really mad since everyone is mad in his own way – this is the real beauty of our wonder-world wonderful enough to keep life going in a wonderfully wonderful manner.

    (72). Love:
    Love loves the love lovely; the love loved by love loves the love lovely and lovingly.

    (73). Progress:
    Working against nature is unnatural and abusive, therefore – work along with nature since nature is the greatest teacher with principles as rigid as rigid can be.

    (74). Use:
    Misuse and abuse are inevitable for things that are in use.

    (75). Failure of money:
    Money can buy pleasures, not happiness.

    (76). Composition of life:
    God fills life with little satisfaction and large dissatisfaction.

    (77). Hidden World:
    This is a hidden world since everyone is hiding something.

    (78). Today’s trend:
    Become important by reducing other man’s importance.

    (79). Talent:
    Talent makes you competent, cleverness makes you successful.

    (80). Perfection:
    Never aim at perfection since it is not there.

    No one is perfect since everyone is perfecting imperfection.

    Perfection is nowhere since imperfection is being perfected everywhere.

    (81). Excellency:
    Consistency is better than Excellency.

    (82). Misunderstanding:
    We often misunderstand because it is easy to do so.

    (83). Underperformance:
    We underperform since we undermine learning.

    (84). Needs:
    Wise men work for needs, others for greeds.

    (85). Greeds:
    Lust for luxuries lessens life on earth.

    (86). End result:
    We do not become best by doing our best; we become best only by doing what is required.

    (87). Poverty Eradication:
    If politicians eradicate poverty, they become poor, Will They Do It?

    (88). Bends in life:
    Every bend on the road is not a bend in the life.

    (89). Purpose of life:
    The purpose of birth is death, not yours.

    (90). Purpose of eating:
    Animals eat for us, we eat for ourselves.

    (91). Enmity:
    Today’s enemies are tomorrow’s friends, the converse too is true.

    (92). Zeroism:
    All heroes become zeroes at the end.

    (93). Rejection:
    We reject others and their ideas only to accept bigger returns.

    (94). Insecurity feeling:
    The feeling of insecurity is blighting the lighting of our world.

    (95). Nationality:
    Humanity is a better tag than nationality.

    (96). Oneness
    Oneness is better than own-ness.

    (97). Denying
    We deny only to get denied.

    (98). Godliness:
    Humanity is the manifestation of godliness.

    (99). Wisdom:
    Commonsense is the essence of all kinds of wisdom.

    (100). Life’s span:
    The gap between birth and death is life.

    (101). Madness:
    Everyone is mad since no one is glad.

    (102). Weakness:
    Rich feeds on poor and greets the rich.

    (103). Togetherness:
    Let us live together since we came alone and go alone.

    (104). Curiosity:
    Curiosity causes creativity, create it.

    (105). Satisfaction:
    Satisfy with earning, not with learning.

    (106). Studentship:
    Be a student as long you live, this ensures success.

    (107). Learning:
    Self-teaching is the best way of learning.

    (108). Work Culture:
    Learn aloof and work together.

    (109). Bad Learner:
    A poor listener is a bad learner.

    (110). Study Campus:
    A study campus qualifies to learn outside, pursue it.

    (111). Study Results:
    Results mostly come from off-the campus learning, promote it.

    (112). Time Sharing:
    Spare time to share with others.

    (113). Inventors:
    Inventors may be mad, not inventions.

    (114). Welcome To Ideas:
    Welcoming ideas means inviting inventions, progress and prosperity since a closed mouth cannot catch flies, be quick enough to grab.

    (115). Enemies to progress:
    Snubbing ideas means shrinking progress and prosperity, be vigilant.

    (116). Bridging for peace:
    Humanity is the only bridge to merge people and nations, adopt it.

    Humanity is the only tool for melting hearts and merging people, apply it.

    (117). Safety:
    Security measures are not safety measures.

    When safety dies, security raises.

    The death of safety gives birth to security.

    (118). Commonsense:
    Commonsense is the essence of all kinds of knowledge available to human beings on earth. Therefore, commonsense has become the most uncommon commodity on earth ever since the birth of earth.

    Unfortunately this priceless commodity is becoming more and more uncommon day-by-day, therefore due to its unavailability, we seldom apply this priceless commodity to solve problems.

    (119). Friction:
    Friction is responsible for industrial and population growth.

    (120). Every day is a turning day:
    Every day we turn a day, whether we work or not.

    (121). Teamwork:
    No team is strong since a weak man is there in every team, therefore, think twice before building, appointing or handling teams.

    (122). Mistakes:
    Following is a fault, copying is a crime and imitating is an offence.

    (123). Competition:
    Your competitor is a true measure of your performance and strength.

    (124). Laziness:
    A lazy man eats more, rests more, rusts more and lives more; often he is regarded as a poor man.

    (125). Nothing:
    No one has the potential of doing nothing since doing nothing is unachievable, but the dead can do it, thus, impossibilities are not only time sensitive, person-sensitive, position-sensitive and place-sensitive, but also, state-sensitive. This is called “Nori State Theory”.

    (126). Origin of life:
    Life originates from friction and fluids.

    (127). Progress on earth:
    Progress of any kind is impossible without friction and fluids; wear is the single largest controller of world economy and economics. It directly affects individuals, institutions, organizations and nations.

    (128). Purity:
    Nothing on earth is pure since nature believes in doping.

    (129). Purpose of life:
    The purpose of life is not only to live, also to support others live.

    (130). Brain robbery:
    Brain robbery is the biggest crime since it involves physical, mental, financial, virtue and morality loss.

    (131). Love for the society:
    Life without love for others is not a life, it something untold by life.

    (132). Professional ethics:
    Buy ideas, do not copy, also discourage copying.

    (133). Death reveals life’s history:
    Death story is the history of the person untold by the person.

    (134). Service to humanity is service to GOD:
    There is God in every genuine needy, help him to serve Him.

    (135). Live to love:
    Life is not for living; it is for loving (human life, animal life & plant life).

    (136). Certainty of life:
    In life, nothing is more certain than death.

    (137). Quality work:
    A quantified work is a qualified work, hence a q only one thing at a time uality work.

    (138). Qualification of work:
    A qualitative work does not qualify to work.

    (139). Adjectives in reports:
    Adjectives adjourn decisions, omit them.

    (140). Exploration:
    We explore only to exploit, do it judiciously.

    (141). Do only one thing at a time:
    God gave us two eyes to see only one thing at a time, two ears to listen to only one thing at a time, two hands to do only one thing at a time and, two legs to move to one destination at a time. Therefore, the right way of doing many things at a time is to do only one thing at a time.

    (142). Politics:
    Accurate diagnosis and wrong prescription are the ethics of politics.

    (143). We get what we deserve most:
    No one can give anything to anyone. At the most, we can deliver something to someone granted by HIM, thus everyone gets what he deserves most, in the process, we claim credit for delivering things granted by HIM just as a postman.

    (144). The greatest unpaid and silent teaches for human life:
    Animal life, bird life and plant life are the master teachers for human life, since they do not charge any fee, we ignore them.

    (145). Society:
    Your success displeases too many and pleases too little.

    (146). Need to perform well:
    Worthy things are worth doing in a worthy manner, do well to remain on earth even after death.

    (147). Effect of Failures:
    Failure seeds philosophy, changes psychology, imparts maturity and releases poetry.

    (148). Justice:
    Jury cannot do justice to the dead, thus, jury must act fast.

    (149). Loyalty:
    Loyalty does not include doing injustice to others.

    (150). Alive mode:
    Live, don’t remain alive.

    Special request:
    Please forward this document to all your friends, relatives, colleagues, seniors, bosses, NGOs, charity organizations, policy makers, economists and government authorities.

    ———————————————————————
    Dear Sir / Madam,

    This is Mr. NVSN Murthy (Nori Murthy), an independent researcher.

    My undying commitment and passion for Economy, Economics, Humanity, Society, Writing, Global Oneness, Peace, Progress, Women & Child Welfare and Poverty Alleviation has produced “Norinomics” by yielding the above strenuous observations.

    Thus, every quotation becomes an ageless and priceless invention unlike technological inventions that go outdated one day or the other.

    Sincerely,

    • NVSN Murthy, A temporary visitor on earth serving people and nations as an Independent Researcher, Age: 57, Earthman (Indian), email: norimurthy@sify.com
    • A passing visitor on earth melting hearts and merging people through humanity and friendship for causing peace, progress, prosperity and happiness to people and nations since life on earth is a one-time gift of GOD and hence, certainly worth living without causing and inviting tears.

    Past address: Unknown / Present address: Earth / Future address: Unknown
    —————————————————————————
    Disclaimer of Liability: The material contained in this section is purely general in nature and should not be used in relation to any specific application without independent study for applicability and suitability for the intended purpose. These ideas are personal views and become valuable if valued with right perceptive without any bias of any kind in any direction or magnitude.

  6. Pingback: Social Security not as broke as we thought

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