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Archive of posts published in the tag: Economics

The Third Wave of Capitalism

Competition is both wasteful and efficient. Lots of ideas die, but the new ones that emerge more than make up for the loss. Central planning may restrict competitive ideas, but rarely leads to the emergence of great ideas because central planning is reacting to problems and needs that become obsolete before the ink is dry on the plan.

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Passive Aggressive Investing

from Barron’s and Randall Forsyth, Is It Time to Return to Active Stock-Picking? What’s needed, say some outspoken active investors, is a return to old-fashioned Houseman–Smith Barney securities selection, rather than the tide of passive investing washing over the financial…

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The Canadian Lesson on Sound Banking

The default belief  of our economic history of the last 100 years has been an acceptance of the dynamic growth of capitalism punctuated by excesses of market greed that have to be corrected by the singular wisdom of government regulation.…

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Random Thoughts on Economics

‘Sound currency’ is like ‘ world peace.’  We all agree we want it, especially when we do not have it.  Yet either we can never agree how to get it, or we are never willing to make the sacrifice it…

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Who are the Independents?

In the wake of the elections  of November 3, 2008 we noted the dramatic swing of the independent voter.  Who are these voters and why do they refuse to ally themselves with one of the two major parties?  I confess…

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Keynes vs von Mises

The work of noted economist John Maynard Keynes is used to justify a bigger government role in the economy.  After the recent (or more accurately current) crisis it is understandable that many would return to this economist.  Yet most who…

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The Job Creation Myth

I am constantly amazed at how sitting political leaders and naive citizens think that the government can create jobs. If the government could create jobs why would we ever tolerate any unemployment?  Either the leaders are economically ignorant or liars.…

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Behind the Bounce

Economic growth hit 5.7% in the last quarter of ’09.  We should be hitting a rebound at this point in the cycle, but Wall Street is still in the midst of a losing streak. What gives? First,  it is always…

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Arrogance at Fannie Mae

“In moving, even tentatively, into this new area of lending (subprime) Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government -subsidized corporation may run into trouble in an…

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Going Galt

My second article in American Thinker A Political Recession Excerpts: Growth is being restricted by political uncertainty more than economic policy. More business people who are either able or nearing retirement are “going Galt”, downsizing or reducing their income and…

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Nassim Taleb on The Best Way to Deleverage

I have been a fan of Nassim Taleb since I read “Fooled by Randomness”. I remember stumbling in it the bookstore at Columbia University in New York. I quickly grabbed his most noted book, “The Black Swan” which continued his…

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