The Cult of Personality

From Bret Stephens at The Wall Street Journal, The Donald and Demagogues: If by now you don’t find Donald Trump appalling, you’re appalling. And so forth and so on—a parade of semi-sophisticated theories that act as bathroom deodorizer to mask the stench of this...

Inequality- It Ain’t What it Seems

Martin Feldstein writes in The Wall Street Journal, Piketty’s Numbers Don’t Add Up Excerpts: The second problem with Mr. Piketty’s conclusions about increasing inequality is his use of income-tax returns without recognizing the importance of the...

Scientific Agnosticism

Science was not a strong subject for me and I am certainly not qualified to pass judgment on the hard data and the cases for or against anthropomorphic (man-made) global warming.  Yet I also realize that most of the pundits that express such strong opinion on the...

Random Thoughts 10.09.2011

Preaching that this is not class warfare generally precedes a volley in the self destructive attacks on the wealthy.  It is like the shyster who precedes a dishonest act with “trust me.” There was some news of some of the protesters on Wall Street being paid to...

Political Greed and Crony Capitalism

Ever since Michael Douglas’s character Gordon Gekko in the movie Wall Street declared “Greed is Good” capitalism has been cast in a sinister role that it has yet to overcome. The movie speech was rumored to be taken from a speech given by Ivan Boesky at a college...