Market fundamentalism is a belief
It’s the main thing that got us into trouble. Unfortunately, market solutions do not seem remotely viable. Pragmatism is needed now, just figure something out that works. This seems to […]
There is only one Paul Krugman
There are very few people we admire, and even fewer we admire in more than one capacity, in fact, there are only two of these, and the other one has […]
Is the US presidential race over?
A collection of comments. The consensus seems to be that it is, almost..
A curious column from the Wall Street Journal
It’s only an opinion piece and we do not agree with everything that it argues, but we find it very curious to have picked it up from the Wall Street […]
More fiscal stimuli needed to revive the economy
While everybody is clamouring for another interest rate cut one guy keeps his eye on the ball..
Some of these guys just don’t get it..
Markets are powerful and potentially very useful institutions, and the belief in ‘free’ markets is especially strong in the US. But the issue what matters is not whether markets are […]
Krugman on healthcare
Paul Krugman is one of the top economist in the world, but the last decade or so, he ventured into political commentating. His background and independence (his university job ensures […]
Investing in the long-term future
One problem with markets, we just gave an example in the previous entry, is that they tend to rather heavily discount the not so near future. One investor argues for […]
The Efficiency-Equity trade-off
A news snippet on July the 9th tells about a demonstration in booming Peru, where the poor feel left out of the economic growth, wich is enjoying China like rates […]
Profiting from long term trends I
In the first part of a new series we will focus on two related long-term trends, economic growth and the expansion of the middle class.