Category Archives: Economics

New Normal

Friday’s employment numbers have caused many analysts to set their hair on fire. Initially the Dow fell more than 100 points before saner money returned in the afternoon. This reinforces a theme I have been pursuing on these pages for … Continue reading

Posted in Economics, Futurism | Tagged , , , , | 32 Comments

Inequality

Watch and discuss

Posted in Economics | Tagged | 35 Comments

America 3.0

Here is a speech I gave last month to the Chattanooga Chamber of Commerce. It is as close to my “philosophy of everything” as you will get.  

Posted in Economics, Futurism | Tagged , | 26 Comments

Subsidies and Collective Action Problems

The New York Times is running an amazing series of articles about how corporate America has played city and state governments like a fiddle to extract generous subsidies for locating plants in their areas. A Times investigation has examined and … Continue reading

Posted in Business, Economics | Tagged , , , , | 19 Comments

Fiscal Cliff Follies

The phony Republican outrage after Tim Geithner’s visit to Congress yesterday shows what a pickle they are in. Geithner carried to the Hill the same proposal Obama made to Boehner and Co. last Friday, but this time the Speaker went … Continue reading

Posted in Economics, Politics | Tagged , , | 17 Comments

Rational Markets and Corruption

When a religious fundamentalist suffers a “crisis of faith” it is a mournful incident to witness. Such was the occasion when Alan Greenspan, former Chairman of the Federal Reserve appeared before Congress in the wake of the financial crisis of … Continue reading

Posted in Economics, Politics | Tagged , , , , , , , | 23 Comments

Aspen Effect

When my flight from Los Angeles touched down in Aspen, Colorado I counted 80 private jets parked at the airport. I had come for the annual Aspen Ideas Festival and what follows is a critique written with some affection for … Continue reading

Posted in Business, Economics, Politics | Tagged , , , , , , , , , | 61 Comments

Fiscal Cliff Follies

I’ve been thinking about this fiscal cliff all the pundits are warning us against. Since the election of Ronald Reagan the country has made two profoundly damaging mistakes. It has continually raised the Defense Budget, thereby robbing our education system … Continue reading

Posted in Economics, Politics | Tagged , , , , , , , | 22 Comments

Global Stagnation

It has been my contention since 2007 that global capitalism was entering a period of stagnation that could not be cured by the temporary fix of lowering interest rates. Yesterday’s grim unemployment report in the U.S. only compounded the problems … Continue reading

Posted in Economics, Wall Street | Tagged , , , , , , | 38 Comments

Private Equity Myth

As many of you know, David Brooks is one of the few conservative columnists that I regard highly. But occasionally he writes something that is so boneheaded, it makes you wonder. Such a column was his defense of Mitt Romney … Continue reading

Posted in Business, Economics, Wall Street | Tagged , , | 26 Comments