Public ownership has historically been the lifeblood of the American economy. Going public produced funding for growth, while providing investors with an opportunity to share in the company’s success. Not…
In Defense of Capitalism
“The problem is we don’t have enough free markets.” …
The Flim-Flam Economy
The absurdity of today’s flim-flam economy can be summarized when the events of the past week are considered together: The U.S. economy grew at an annualized rate of just 0.5%…
Upending the World
Logic has taken a 180-degree turn, running at full sprint in the opposite direction from where it should be. As one small example, consider the good fortune of Hans Peter…
Fed Family Feud
Is it a mutiny? A family feud? Sibling rivalry? Or an attempt to provide more accurate estimates of economic growth? Greater accuracy would certainly be a good thing, but that…
Let’s Ignore the Central Banks
What if we all decided to ignore the central banks? Granted, they have provided material for this blog non-stop from the day it started. They keep financial journalists, economists, analysts,…
Something’s Rotten …
“That it should come to this!” Hamlet, Act I, Scene II Any student…
Wages Will Increase When Productivity Does
There are three things we can say about income with a degree of certainty: You’re earning less than you did before the financial crisis. You are overdue for a raise.…
Set. Down. No Hike.
The economic outlook can be summed up in five words: Everything’s great, except what isn’t. We’ll lead with the “everything’s great” part, as seen through the filter of the Federal…
Mutually Assured Destruction
Iran, North Korea and the world’s other despots may be able to take over the world without going nuclear or even firing a single shot. That’s because much of the…