Monthly Archives: October 2009

Archive of posts published in the specified Month

The Source of Anti Americanism in the Middle East

“Of course the Palestinian problem does play some role in the Middle Eastern anti-Americanism. It does so in some places more than others, however- in Jordon, for example, with its very large Palestinian population, where the “street” is far more

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The Seeds of our Next Crisis

One of the most intriguing concepts of economics is the concept of “moral hazard.”  It is a corollary to a more obvious principle that everything has a cost. An understanding of it is critical for those whose world view is

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Bailout Backlash

It was easy to predict that the Cash for Clunkers would only drive up sales very temporarily as the expense of future sales.  Recent results have verified the sharp dropoff in auto sales when the program ended. It was also

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Four Phases of Bigotry

“..a dislike can be based on seeing and then judging, but real anti-Semitism– and all other forms of genuine bigotry- is based on first judging and then seeing.” “If indeed, one is confronted with a case of bigotry, four phases

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A Sleeping Liquidity Monster

There are a few indisputable changes in our economy. Credit is tightening. Generally this is good because  lending standards, whether to individuals to buy homes, or to real estate developers or other businesses, were way too lax.  Marginal businesses will

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Netanyahu and Churchill

As Churchill advocated taking Hitler at his written and spoken word,  Benjamin Netanyahu insists that Muslim radicals must be taken at their word. Benjamin or ‘Bibi’ Netanyahu’s speech at the UN General Assembly contained a moral clarity that belies a

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