In reality, all decisions are business decisions, which means all business decisions are “about the money.” The bigger question not being asked is if the business decision was a correct one in light of the fact that businesses make decisions all the time that are very bad.
All Decisions Are ‘Business Decisions’: College Football Made a Bad One Read More »
The left-leaning imagine against all reason that businesses are out to exploit workers with low wages. The right-leaning disagree with the left rhetorically, all the while making the left’s case for them.
“Cheap Labor” Is the Most Expensive Labor of All Read More »
According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measure the economy of the street I live on, but Rampell feels comfortable commenting from New York City on the health of people in a vast country on the other side of the world. How does she know what she claims to know?
A Lesson From Hong Kong For Those Who Worry China Hides Bad News Read More »
In his memoirs about the remarkable rise of The Home Depot, the great Bernie Marcus oh-so-thankfully went against the grain of seemingly all modern thought in writing that “bankers put their careers on the line, and for that we protect them.” Amen.
Savers and Financiers Are the Economy’s Lifeblood, So Treat Them Well Read More »
To say that Harvard’s Jason Furman believes mass unemployment and bankruptcy is the answer to inflation is a waste of words.
Economists, and Their Comical Search For a Higher ‘Inflation Target’ Read More »
The birthrate alarmism that has infected the various economic religions won’t age well. Nothing against procreation, but lower birthrates don’t in any way signal country decline.
‘Low-Birthrate’ Pessimism Will Soon Embarrass the Pessimists Read More »
The story on Russia these days is that the economy is booming, with inflation breaking out as a consequence of all the government spending that is said to be stimulating the economy.
The Russians Have Stolen Our ‘Whip Inflation Now’ Buttons Read More »
President Biden’s recent move to ban U.S. investment in “sensitive” Chinese companies will not work. As is, U.S. investment funds all sorts of Chinese innovations despite all manner of rules in China that dis-allow foreign investment. Capital moves faster than government, obviously. Assuming Biden could ban U.S. investment into China, what a shame. When it comes to innovative companies, they generally get to choose their investors.
Biden’s Chinese Investment Crackdown Vandalizes Foreign and Economic Policy Read More »
The simple truth is that if the Fed were as powerful as the various religions want it to be, the U.S. economy would always be in decline. Yield-curve obsession is powerful on the score of nothingness.
The Unbearable Nothingness of Yield Curve Inversion Read More »
Parkinson was spared becoming a 3rd generation miner by progress, which is what global trade embodies.
Michael Parkinson’s Father Promised To Beat Him If He Showed Up at the Mines Read More »
