federal reserve

Imagination At Work

April 1, 2011

I pay more taxes than General Electric. You pay more taxes than General Electric. Technically, they pay more, just not to the United States Government. For some reason, though the bulk of their business income comes from this country, they always seem to lose money here and make tremendous profits overseas. Why didn’t TurboTax do [...]

Read the full article →

Bad Is Good

September 8, 2010

John Maynard Keynes said, “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” Ben Bernanke, of the Federal Reserve, tells us that the market will cause the too-big-to-fail banks to get smaller. He assures us that the people who caused [...]

Read the full article →

Better Late Than Never

August 1, 2010

Is it a miracle or just a coincidence? In my last article I made mention of David Stockman. The very next day he shows up with an Op-Ed piece in the New York Times. For any of you who either were not old enough or not interested enough to pay attention at the time, David [...]

Read the full article →

Give Me Your Money

June 14, 2010

I promise not to make you wealthy. How many people are willing to tell you that? The subject is stupidity. So, let’s get started with a couple of quotations. It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who [...]

Read the full article →

We Never Listen

April 7, 2010

Some readers may have skipped the Classics. Some may just have memory problems associated with age. That I can identify with. Ms. Cassandra’s beauty caught the eye of Apollo. He gave her the gift of knowing the future. She spurned Mr. Apollo, so he cursed her. Her predictions were to be ignored. Obviously she is [...]

Read the full article →

Private Immorality, Corporate Virtue

January 8, 2010

Here is something I stumbled upon that deserves attention. Roger Lowenstein is the author. He states the case well and doesn’t need me to interpret for him. His advice will likely go against everything you have been told on this subject. So, what? You were told that for someone else’s benefit. Bookmark It Hide Sites

Read the full article →

Doing God’s Work

November 25, 2009

The CEO of Goldman Sachs, Lloyd Blankfein, claims that he is doing God’s work. Has God retired? Is God not upset with Lloyd for causing his 401K to tank? Wouldn’t you like to get a peek at God’s portfolio? Such gems of wisdom from one of the Masters of the Universe generates lots of questions. [...]

Read the full article →

Take My Hand

November 3, 2009

Please don’t be offended by the graphic. I am just offering to lead you through a little bit of a jungle where even the self-proclaimed Tarzans are lost. There are many others out there that insist you put your trust in them. They are dangerous in their hubris. They are either economists or other putative [...]

Read the full article →

Don’t Miss This

October 9, 2009

Bill Moyers is one of the few serious, informative journalists on television. Rather than have you labor over my writing, I’m giving you a break. The bulk of this post consists of several paragraphs of transcript from tonight’s Bill Moyers Show on PBS. There is also a couple of minutes of video from tonight’s show. [...]

Read the full article →

Clean The House

September 21, 2009

President Obama is a politician. He is a Constitutional expert but, by and large, he is a generalist. Being a Constitutional scholar comes in handy in the Congress and on the Supreme Court. It’s not necessarily a bad thing in the Oval Office but being a generalist can be a positive. It can also bring [...]

Read the full article →

← Previous Entries