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Day 2,023: contend, beget, Lumber
Highway projects suffer cost overruns and delays as they contend with endless judicial reviews.
And rules beget rules, as regulators find new things to regulate. Lumbered by regulation and ageing populations, economic growth and productivity in the rich world have slowed to a crawl.
Artwork of the day
The Lumberjack
Edvard_MunchDate:1913Style:ExpressionismPeriod:Late worksGenre:genre paintingMedia:oil, canvasLocation:Munch Museum, Oslo, NorwayDimensions:130 x 105.5 cm
Word of the day
contend: to compete in order to win something:
beget: to cause:
Lumber: to move slowly and awkwardly:
Quote of the day
“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
― Winston S. Churchill