The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)

Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.

How IT Came to Rule the World, 2.8: Apple, Silicon Valley and the Counter-Cultural Impulse

While Woz earned his title as the “Mozart of digital design” through his design of the Apple II, Jobs helped conceive the computer as a democratizing tool with the motto-“One person–one computer”. The microcomputer was sold as a tool that would balance the unequal relationship between institutions and the individual. It would empower the individual and allow their inner artist to emerge. The Apple II Computer went on to become the darling of the counter-cultural crowd and would remain a symbol of resistance against the corporate forces of IBM and later the predatory practices of Microsoft.

How IT Came to Rule the World, 2.7: The Origins of Microsoft

As kids, Bill Gates and Paul Allen dreamed of having their own Fortune 500 company. The two became friends (and sometimes adversaries) when the both attended the prestigious Lakeside School in Seattle in the early 1970s.