Category Archives: Economics

What Caused the Financial Crisis?

(Dear Reader: This post is in response to requests that we have received from some of my younger readers to summarize my views on the causes of the financial crisis of 2008 and 2009.  I have already commented on many … Continue reading

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A Disaster Waiting to Happen – Letter to the Editor

A disaster waiting to happen. Regarding “Era of Low Interest Rates Hammers Millions of Pensions Around World” by  Timothy W. Martin, Georgi Kantchev and Kosaku Narioka (Nov. 13th): Considering that the pension system of Illinois has a funding ratio of … Continue reading

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Fantasy Debate (The Third Debate)

I said that I would follow up the third presidential debate with another Fantasy Debate.  I even planned this time to feature “Pseudo Johnson” as the sane participant.  But after reading the transcript and seeing how little substance was covered, … Continue reading

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Fantasy Debate (The Second Debate)

The most frustrating thing about watching the debates is wishing that Economic Man were on the stage.  I have made this request to the Commission on Presidential Debates.  They have responded in a letter that included the words “snowball,” “chance” … Continue reading

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Finger Exercises (Part Three)

This will be the last of these “catch up” postings featuring drive-by comments on multiple issues.  After this, I will return to my normal format. Car Crash My girlfriend is threatening to stop talking to me until after November 8th.  … Continue reading

Posted in Economics, Finance, Foreign Affairs, General Culture, Politics | 3 Comments

Finger Exercises (Part Two)

The Republicans Aren’t the Only Broken Party A major meme of this election cycle is that the rise of Donald Trump proves that the Republican Party is broken.  I am not totally convinced of this and, even if it is … Continue reading

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Random Observations

Tyler Cowen Tyler Cowen is an interesting guy. His day job is teaching economics at George Mason University, which has one of the leading free-market programs in the country.  He is also the director general of the Mercatus Center, a … Continue reading

Posted in Economics, Foreign Affairs, General Culture, Policy, Politics | 2 Comments

A Tale of Two Speeches (Part Two)

In the first part of this posting, I said that Donald Trump has laid out a “know nothing” economic policy.  But no one can accuse Hillary Clinton of this.  She knows exactly what each of us needs in every aspect … Continue reading

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A Tale of Two Speeches (Part One)

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness… it was the spring of hope, it was the winter of despair…. Since we are talking … Continue reading

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And Then…Depression Set In

This title, a quote from the Bill Murray character in Stripes after a particularly rough day, continues the upbeat tone of my last blog.  If you read the news, then depression is the only logical emotion. More PC Madness and … Continue reading

Posted in Economics, Finance, General Culture | 2 Comments