Economics
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Sunday, August 8th, 2010We may well be nearing the end of the world, but not for reasons found in the Book of Revelation or the Mayan calendar. I share the opinion of Dr. Stephen Hawking: Here’s is the video’s transcript: “I see great dangers for the human race. There have been a number of times in the past [...]
U.S. – An Empire In Decline
Saturday, July 17th, 2010It’s nice when you’re not alone in your opinion. It seems Harvard professor Niall Ferguson sees the world about the same way I do, at least on economic issues. He is a historian with his primary emphasis directed on economic and financial affairs. When he wrote for Newsweek back in 2009 he said: Now, who [...]
The Division Of Labor And Specialization
Thursday, July 15th, 2010These are some comments I made to a paper Mr. Andre Gaudwin wrote. You can find a link to the original paper here. Andre, Your paper talks about the dangers our society faces as we specialize further and further and lose sight of the big picture. Quoting you directly: “In the late 60s I became [...]
Some Thoughts On Economic Competition
Friday, July 2nd, 2010Just yesterday Yamin and I were discussing some economic issues and I brought up the difficulties inherent in becoming a competitor in our modern economy. I laid out some reflections on how difficult the barriers to entry can be and related my experiences from my years as an entrepreneur. When I woke up I laid [...]
Greenspan Calls For Fiscal Restraint
Tuesday, June 22nd, 2010Alan Greenspan himself, calling for fiscal restraint and a “tectonic shift” in fiscal policy. The man who pumped the economy with all that cheap money now seems to be saying, “Uh oh. I screwed up big time. Guys, it’s time to rethink economics.” Read the Bloomberg article here: http://www.businessweek.com/news/2010-06-17/greenspan-says-u-s-may-soon-reach-borrowing-limit-update1-.html Former Federal Reserve Chairman Alan Greenspan [...]
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