Letters to the Nov. 27th story “Why $16 Trillion Only Hints at the True U.S. Debt” by Chris Cox and Bill Archer. ==== While “Why $16 Trillion Only Hints at the True U.S. Debt” by Chris Cox and Bill Archer (op-ed, Nov. 27)is on the mark, it doesn’t tell the complete story. Although it is true these amounts aren’t included in the... Read more
Archive for the ‘Economics’ Category
Learning to Love Volatility
November 19 | Posted by mrossol | American Thought, EconomicsThis is a ‘must read’. Some very good concepts about Govt/Capitalism. Please take the time.. ======== Several years before the financial crisis descended on us, I put forward the concept of “black swans”: large events that are both unexpected and highly consequential. We never see black swans coming, but when they do arrive, they profoundly shape our world: Think of World War... Read more
Debasing the Currency – and more…
October 28 | Posted by mrossol | American Thought, Economics, SocialismThis is a must read. We are repeating history… to our detriment. ========= Popular Delusions Memo to Central Banks: You’re debasing more than our currency By Dylan Grice, Societe Generale At its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the... Read more
The Great Persuasion | Masters of the Universe
October 28 | Posted by mrossol | American Thought, EconomicsBook Review… ============== By KENNETH MINOGUE Everyone agrees we are going through a crisis—but a crisis of what? The members of the Occupy Wall Street movement think it is a crisis of capitalism. Others think the crisis is moral: Our propensity to consume without thought for the planet, the poor or even the person next door is a sign that greed and fear... Read more
Does Uncle Sam Do The Most “Offshoring”?
September 26 | Posted by mrossol | American Thought, Economics, Party Politics, The LeftThis guy did some homework and presents a lot of data and makes a good argument. ============ Lately, it has become particularly fashionable to bash private equity, especially among those workers in the employ of the state. The argument, in as much as capitalism can be summarized in one [long] sentence, is that PE firms issue excess leverage, making bankruptcy inevitable (apparently... Read more
The 10% President
September 25 | Posted by mrossol | Debt, Economics, ObamaYep, 90% of the problem is someone else’s fault. ============ A question raised by President Obama’s immortal line on CBS’s “60 Minutes” on Sunday—”I think that, you know, as President, I bear responsibility for everything, to some degree”—is what that degree really is. Maybe 70% or 80% of the buck stops with him? Or is it halfsies? Nope. Now we know: It turns... Read more
