Doug French

Posted October 07, 2012

A generation born at the tail end of the baby boom did what mom and dad told them they should: Get off the farm, don't be a barber, forget about being a mechanic. Go to college and then go be a doctor or lawyer or such.

Posted September 18, 2012

Meanwhile the guy running the Federal Reserve is an expert on the Great Depression. Ben Bernanke wasn't going to make the same mistakes the policy makers made during the 1930s.

Posted September 03, 2012

Now that millions have migrated to the southwest and private industry has invested millions of dollars, Hoover and FDR's promises have confined those living and doing business in the west "in the straitjacket of an ever-intensifying water shortage."

Posted August 29, 2012

The cracks in the mortgage market had not yet begun to show and Stephen Schwarzman's Blackstone Group had just completed its $39 billion purchase of Equity Office Properties in what was the largest leveraged buyout ever.

Posted August 28, 2012

So the government says there is no price inflation and so no COLA for you, retirees. Retirees know better and so does John Williams at Shadowstats, who says prices are increasing at a 10 percent rate.

Posted August 27, 2012

Lord Keynes was constantly worried that people were saving too much and consuming too little — thus the need for more and cheaper money to stimulate the economy. Mr. Bernanke is nothing if not a good Keynesian, and his low rates make even the savviest question whether to forgo consumption.

Posted August 11, 2012

Old ideas are continually destroyed by life-changing entrepreneurs who take new ideas and make all of society the better for it. Joseph Schumpeter is smiling while the equity holders of Borders stock are crying.

Posted July 17, 2012

Reasonable people tend to tune out the Washington noise — rightly believing most of it is meaningless grandstanding. But the continued hectoring in China's direction is likely not so harmless. Combined with the Federal Reserve's stated policy to keep interest rates at virtually zero until the end of 2014, these are the sounds of Currency War III (CWIII) in its initial stages.

Posted July 01, 2012

If not for these private game reserves, a number of species would be extinct. Because people like the four in our party are willing to pay to see the "Big Five" and so much more, the populations of a number of these animals are thriving.

Posted June 18, 2012

Self-made billionaire Sheldon Adelson says the secret to his success was "never knowing anything" about the businesses he entered. That sounds like an exaggeration, but he emphasized that point when speaking to students at UNLV recently, upon receiving the Hospitality Industry Leader of the Year by the UNLV's Harrah Hotel College.

Posted June 11, 2012

If not for these private game reserves, a number of species would be extinct. Because people like the four in our party are willing to pay to see the "Big Five" and so much more, the populations of a number of these animals are thriving.

Posted May 29, 2012

In a speech delivered to the Federal Reserve Bank of New York, Jim Grant told the central bankers that interest rates should convey information. "But the only information conveyed in a manipulated yield curve is what the Fed wants."

Posted May 26, 2012

I decided to take EC 742 with Rothbard anyway and my life was changed forever. My eyes were opened. The lightbulb was turned on. I was struck by Rothbard's Austrian lightning.

Posted May 22, 2012

Fourteen of the 15 most populous cities at the start of the decade either grew more slowly or lost population by the decade's end. And while the 50 largest metro areas collectively grew by 3.7 percent in the 1990s, that growth was more than halved to 1.3 percent from 2000 to 2010.

Posted May 21, 2012

While Mark Zuckerberg says he doesn't like to vote, since hiring Sheryl Sandberg, who served in the Clinton administration, Facebook's DC presence has increased, and President Obama himself stopped by the FB office.

Posted May 18, 2012

Self-made billionaire Sheldon Adelson says the secret to his success was "never knowing anything" about the businesses he entered. That sounds like an exaggeration, but he emphasized that point when speaking to students at UNLV recently, upon receiving the Hospitality Industry Leader of the Year by the UNLV's Harrah Hotel College.

Posted May 14, 2012

Just who was it that provided Rand the education in the glories of free markets that most people identify her with?

Posted May 13, 2012

Zandi practices what one of my undergraduate economics professors told our class: "Predict often. That way, when you occasionally get lucky, you can take credit for it."

Posted May 12, 2012

Chinese economic growth has exploded on the shakiest of financial systems, Carl E. Walter and Fraser J.T. Howie point out in Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise.

Posted May 08, 2012

The fact is, without the constant inflation of fiat money, people would (or have to) spend very little time thinking about their money or savings. Squirreling a little money out of every paycheck would suffice for retirement preparation.