Economics and politics

November 30, 2008

Desire and need – $

George F. Will asked in the October 25th issue of Newsweek “Does anyone doubt that Americans consume too much and save too little? In the three decades prior to the 1990s, Americans saved nine cents of every after-tax dollar. Since then, they have saved 3.5 cents of each dollar; in each of the last three […]

Economics and politics
August 17, 2008

Who’s a pessimist? Economic modeling & the future.

After failing physics and thereby failing to become an undergraduate in the school of architecture, I studied economics. This was before economic modeling gained the enormous advantage of computers to extract data from multiple sources and thereby build future assumptions. This ability is now called ‘econometrics’ and adds to the art of economics a scientific […]

Economics and politics
August 17, 2008

Individualist mentality vs. collectivist mentality

David Brooks in the NY Time Op-Ed section on Tuesday August 12th comments from China that: “The world can be divided in many ways – rich and poor. democratic and authoritarian – but one of the most striking is the divide between the societies with an individualistic mentality and the ones with a collectivist mentality” […]

Economics and politics
August 10, 2008

Tax increase inevitable?

Ben Stein, a moderate man and an economic conservative, said in the NY Sunday Times on August 10th, that he supports raising taxes on “all upper income Americans.” He goes on to say “I do wish, however, that “upper income” started just a dollar above me”. I’m sure we all feel that way. Read the […]

Economics and politics
July 15, 2008

Lessons in Love & Economics

Ben Stein writes 9 rules on the “economics of love” in the NY Times Business section of July 13, 2008 (I paraphrase): “…the returns in love .. are roughly proportional to the amount of time and devotion invested; High quality love … yields more return than junk; Research pays off; … returns are greater when […]

Economics and politics
July 15, 2008

I.O.U.S.A

Peter Peterson, co-founder of the Blackstone Group, plans to spend $1BILLION to alert Americans to the very real danger of the increasing debt burden according to an article in the NY Times National section on July 14, 2008. Part of his strategy is the documentary film “I.O.U.S.A”. He “wants people to focus on what he […]

Economics and politics
July 10, 2008

Education, hard work & economic freedom

David Brooks in the NY Times Op-Ed piece on July 29th, says that the US became the leading econmic power of the 20th century because of the “ferocious belief that people have the power to transform their own lives (which) gave Americans an unparalleled commitment to education, hard work and economic freedom.” He cites the […]

Economics and politics
July 8, 2008

Asset Pricing at Heart of Credit Crunch

“Most of the market volatility is the uncertainty of how to price assets. As a result, institutions are unwilling to loan money, even for a short period of time because they don’t know how to measure the quality of the assets being used as collateral. Consequently, credit markets that normally provide liquidity to run a […]

Economics and politics
  • 1
  • 2