Markets
“Over-leveraged markets function quite well, until they...
Tag: economics
Risky Times
"The attempt to control risk by lowering interest rates reduces the cost of taking risk and so ends up increasing...
Competing in the 21st Century
"The ability to assimilate immigrants quickly may be our greatest competitive advantage in the twenty-first...
The Purpose of Business
"There is one and only one social responsibility of business–to use its resources and engage in activities...
Mass Extinction
“The virus—or specifically the political response to it—is causing a mass extinction event for small...
Intentions vs Results
"One of the great mistakes is to judge policies and programs by their intentions rather than their...
WWIT About the Economy
The vast majority of our national wealth isn’t money or gold or real property or personal property. Our wealth...
Skin in the Game
Back in 2002 I read Fooled by Randomness by Nassim Taleb and became a fan of his writing. Since then I've read all of...
The Lottery
"The lottery is a tax on people who are bad at...
Economics and Dictators
"Dictators are rarely good economic managers." WSJ editorial referring to Turkey and Venezuela For every Lee Kwan Yoo...
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