There has been a lot of attention around President Trump’s director of the Environmental Protection Agency (EPA), Scott Pruitt. It was clear when Pruitt was appointed that the Trump administration was not taking environmental protection seriously. Pruitt has proved this assumption right by spending taxpayer money frivolously as well as using his post to help his wife find a job. While the Obama administration took the EPA’s responsibilities more seriously than this administration, it had its own share of failures, including taking 10 months to act on information that the city of Flint was not properly treating its water to prevent toxic lead contamination. The EPA has needed better direction for a long time. Let’s explore why that is so important. Continue reading “The Constitutional Case for the EPA”
It is Memorial Day, and we are celebrating our freedom by bragging about the economy, putting immigrants in “detention centers” reminiscent of WW2 concentration camps, and punching drunk women on the Jersey shore. We need to realize the value of our fellow human beings, whether they be soldiers, immigrants, or even drunk women on the beach. Let’s stop blaming each other and hurting each other. Empathy is better for morality, but it is also better for the economy. Continue reading “Market Monday #6: Comparative Advantage”
Israeli psychologists Daniel Kahneman and Amos Tversky spent hours and hours discussing theoretical concepts in psychology, developing an amazing working relationship that would completely change multiple fields in the social sciences. Continue reading “Book Review: The Undoing Project”
We are starting to see stock buyback action comparable to the last time we were late in the business cycle. Continue reading “Market Monday #4: Boom & Bust”
This is the 2nd edition of my new weekly economics digest. You can read the first edition here. Owning businesses is tough, especially when you own stocks and face price volatility. The most successful investors ignore the noise of price voluntary and focus on the core aspects of the business that affect its long term profitability. Even that is not as easy as it sounds. Continue reading “Market Monday #2: Volatility”
Welcome to Market Monday! Check in every Monday for this weekly economic digest.
Capitalism has long had an addiction to debt, and this week’s headlines show that it is off the wagon again. Governments, corporations, and households are getting in over their heads again. Continue reading “Market Monday #1: Capitalists Addicted to Debt”
Lords of Finance is described as the story of the four central bankers who set up the world for the Great Depression. However, the reader can expect to get a whole lot more than that from this book–whether he wants it or not.
It is mostly written in a biographical style, with more incidental details than necessary. The financial side of the story is explained, but not with as much depth or clarity as many other books of this type offer. Some general claims about the macroeconomy are made without enough explanation about macroeconomics to back them up. Continue reading “Book Review: Lords of Finance”