by Henry Oliner | Sep 1, 2010 | Business, Economics, Economy, Foreign policy, Israel, Politics, Random
We mortals pride ourselves as rational beings, but we act emotionally. We get attached to previous positions, and will discount or filter evidence rather than change our minds. We read the news for confirmation rather than information. We are so inundated with...
by Henry Oliner | Aug 26, 2010 | Business, Economics
From StumblingOnTruth Keep the Casinos Open by Clifford S. Asness, Ph.D. Excerpt: Stepping back, nowadays the popular narrative is that this economic crisis was caused by Wall Street and derivatives. It was not. It was a real estate bubble caused by government,...
by Henry Oliner | May 28, 2010 | Business, Economics, Politics
“A dynamic economy will always have booms and busts. But the story of the past twenty-five years is that Washington has created a financial system that cannot withstand the destructive part of creative destruction – necessary for free markets- without...
by Henry Oliner | May 24, 2010 | Business, Economics, Politics
Does the rising stock market and improving unemployment numbers support Obama’s economic solutions? It may appear so, but I remain skeptical for several reasons. The stock market is rebounding off of the low of a year ago, which was largely oversold. The stock...
by Henry Oliner | Apr 23, 2010 | Business, Economy, Politics
The debate of financial reform is looking eerily like the debate on health care reform. In both cases both parties clearly see the need for change, and in both cases they disagree sharply on the means. When the financial meltdown occurred neither party wanted to bail...
