It’s the ideas that are failing, not the labels.

Some Random thoughts: Home prices are falling. Is this a bad thing? Hasn’t the misguided federal housing policy sought to expand home ownership?  Could they be more successful in their failure than they thought they were when they were ‘successful’?    In an effort to...

How to Make Fools Look Competent

Unquestionably, some people have become very rich through the use of borrowed money.  However, that’s also been a way to get very poor.  When leverage works, it magnifies your gains.  Your spouse thinks you’re clever, and your neighbors get envious.  But leverage is...

The PhD Standard Has Replaced the Gold Standard

“We have moved to the PhD standard from the gold standard.” A very short but very wise assessment from James Grant. Mr. Grant makes a point that explains more than just the Fed and an obvious failure in monetary policy. Our government has become a place...

On Competence

Having observed and experienced various degrees of success and failures for nearly 40 years I have tried to distill what is critical to success and what seems common to failures. I have yet to find any simplistic secrets to success.  Everything that many business...

Top Down vs Bottom Up Politics

There was once an effort to counter the effect of conservative talk radio by launching a liberal talk radio net work, Air America. It failed. Now there is an effort to counter the Tea Party movement with the progressive alternative- The Coffee Party. It too is...