The Talent Economy

An article on The Rise (and Likely Fall) of the Talent Economy by Roger L. Martin found by clicking here. And my nice response: This article is full of implicit political assumptions and strange economics, such as the statement: “One trader’s gain is simply another trader’s loss,” which is explicitly untrue. A buyer/seller on the other end of the… Read more →

Economics to non-economists, Part I

Here is some confusion for thought… Click here for the original. Economists are not Like Physicists By Cullen Roche · Sunday, June 1st, 2014 There’s been some debate in economist circles about how to improve the field and apply a more empirical approach.  For instance, Noah Smith says: “what I actually propose is to create an econ “lab sequence” just for empirics, similar to what they… Read more →

Forgetting basic economics

A post 5/19/2014 at the Center for Economic and Policy Research: Summers’ Review of Piketty’s Book Gets Private Equity Wrong Article by Eileen Appelbaum and Rosemary Batt (Click title to see the article). My Response: This article is premised on the ideological assumption that PE firms are evil parasites. Summers is not wrong, managers are paid according to their ability to… Read more →

Wealth Confiscation

Below is an article from Noureddine Krichene, posted in the Asia Times: Usury in the USA.  First, some edification and background: It is a glaring reminder that wealth confiscation in the United States is publicly yet surreptitiously being conducted all around us.  Neo-Keynesianism is such an easy and politically convenient philosophy because it requires neither intelligent thought nor careful planning to be… Read more →

The Fed Can “Force” Expand The Money Supply

A little gem from Forbes: by John Tamney, entitled “The Fed is Not Printing Money, It’s Doing Something Much Worse.” The article is full of little inconsistencies and obnoxious mixes of “big” words and poor word choices (using contractions after using a “fancy” word really detracts from your intended impression of thoughtful intelligence).  But this quote takes the cake: The… Read more →

From Alan Greenspan: How to Avoid Another Global Financial Crisis

Find the original here: The American I find this discussion of rational and nonrational market behavior – animal spirits – very interesting.  His article also illuminates how he ran the Fed over almost two decades.  He concludes by pointing out that as the Standard Deviation of stock prices increases, so bubbles become more prominent.  I have seen some chatter of… Read more →