I have a friend who was always trying to talk me into being part of his next business idea. I’d always nod and smile. Then I would change the subject back to the insurance firm that he already owned. I knew that would end the conversation pretty quickly, because talking about the business that he already owned was boring to him.
Alan Meltzer is probably the greatest living disciple of Milton Friedman in relation to Friedman’s views of monetary policy. Meltzer is the monetarist par excellence, and author of the definitive series of volumes on the history of the Fed.
Let’s get past the idea that this is a disagreement between two coequal branches of government. The legislative branch that has the power -- particularly the house -- when it comes to spending. So, if the legislative branch disagrees with the executive branch about a matter of spending that’s not a, “Hey, let’s split the difference.”
The King’s College is a lot like Hillsdale or Grove City, only it’s in Manhattan right around the corner from Wall Street. Its prior president, Dinesh D’Souza, resigned (Or should I say was resigned? Too bad there’s no passive/middle voice for the verb to resign. It is much needed) after World Magazine published a story which led to a scandal.
That’s why I’m here and I think that’s why some of you are here, too: Because you’re lonely for people who can talk to you and who you can talk to, and who will actually understand what you’re saying.
Davos Man (it’s almost always man except for a few token women) has gone to a highly prestigious university, is extremely influential, and is extremely powerful. They do not think of themselves as part of the human race; they are above the human race. C.S. Lewis writes about them in The Abolition of Man.
We have a culture that is extremely, heavily focused on short-term trading and not focused on long-term valuation.
We’re not doomed. At least not according to George Gilder’s challenging and insightful Knowledge and Power. Plenty of nations have lost their way, and this present distress is not the first time we’ve gotten off course.
George Gilder made a name for himself with his instant classic Wealth and Poverty. Published in 1981, it appeared at precisely the right moment, explaining the principles of supply side economics, while revealing that the left didn’t have a monopoly on intellectuals.
In addition to the many problems created unintentionally by the gigantic private foreign philanthropy industry, government to government aid can be even more harmful.
Recently I interviewed Peter Greer via skype to talk about philanthropy, and why it often makes things worse. Peter is the President and CEO of Hope International, which is a microfinance organization.
Much has been written about the various uprisings which have been gaining strength and momentum since 2008. Usually it takes the tack of focusing on the abuses of the particular regime in question, because the press tends to see things through the eyes of the official underdog in any story based around conflict.
Viewers want the truth, and the truth is that free-market capitalism IS the best path to prosperity, but that it IS NOT the path we are currently on. Let’s save the optimism for the time when we get our feet back on the proper path.
After last week’s Supreme Court rulings, which were largely victories for advocates of homosexual marriage, a number of major corporations applauded the rulings, many of whom had publicly advocated the shift in public statements and in friend of the court briefs.
Any investors who bumbled or were inspired by either the conservative or liberal version of the 'freedom agenda' into believing that Egypt was a good bet are now staring reality square in the face in the form of collapsing equity values and currency exchange rates along with a collapsing political order.
There is much more to demographics and economics than just the commonly discussed issue of the effects of too many old people depending on too few young people for public pension plans.
All of this means that fetus-phobic countries face economic irrelevance, and when they add the additional toxin of socialism, the path to oblivion becomes even steeper and more slippery.
The alleged advances of the ‘new’ Keynesian economics were really a move backwards to pre-Copernican Aristotle, who never understood the effects and functions of the interest rate in a market system.
The Calvinistic lifestyle of worldly asceticism became a source of growth and capital accumulation.
When one takes a step back and looks at the broad sweeps of economic and financial history, then speculations about whether this manager is in or out, or this company will beat or meet or miss expectations, or what will be in this month’s ISM or GDP revision all sort of fade away, and a bigger picture emerges.
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino