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Here's something I try to convey to students I teach at the undergraduate level: it can take years, even decades to confirm economic trends -- 'instant-analysis' is frequently wrong and often serves little purpose -- but there are trends one can discern fairly quickly. Continue reading Market absolutism, like orthodox communism, is dead
Readers of this space know that economist David H. Wang, a colleague and friend of yours truly, approaches the economic scene from a unique perspective.
Wang was born and raised in Communist China for 22 years, before moving permanently to the United States in 1989 for graduate school, completing his Ph.D. in economics in 1995.
Of course Wang still talks with family and friends in China, and right now there's this joke making the rounds in the great centers in Beijing and Shanghai.
Question: What's the difference between U.S. President George W. Bush and Chairman Mao?
Answer: Chairman Mao actually put some bankers in jail.
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As officials and citizens in China, India, Russia, Brazil, and many other developing nations look on, the United States is attempting to end a financial crisis that threatens to severely damage economies worldwide.
In the process, Wang and other economists agree, a number of myths and misnomers -- some promoted by the current U.S. administration, are being dispelled, and we'll review each in the months ahead.
If a vote were held Thursday or Friday, the U.S. Treasury's $700 billion bailout bill would probably pass both chambers of the U.S. Congress, but by narrow margins and with a) an equity stake for U.S. taxpayers for every company that receives assistance, b) a cap on executive compensation, and c) oversight provisions. Continue reading Should Congress fund a homeowners' refinance program after the bailout?
Investors and readers are no doubt aware of the benefits of the free enterprise system as practiced in the United States: entrepreneurship, innovation, ingenuity, dynamism, risk taking, wealth building, and commerce are chief among these benefits.| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 111 | 0 |
| 2 | Tom Johansmeyer | 103 | 0 |
| 3 | Steven Mallas | 50 | 0 |
| 4 | Tom Taulli | 46 | 0 |
| 5 | Connie Madon | 45 | 0 |
| 6 | Trey Thoelcke | 36 | 0 |
| 7 | Steven Halpern | 35 | 0 |
| 8 | Mark Fightmaster | 33 | 0 |
| 9 | Paul Foster | 24 | 0 |
| 10 | Brian White | 24 | 0 |
| 11 | Zac Bissonnette | 23 | 0 |
| 12 | Jon Ogg | 21 | 0 |
| 13 | Brent Archer | 21 | 0 |
| 14 | Melly Alazraki | 20 | 0 |
| 15 | Jim Cramer | 20 | 0 |
| 16 | Eric Buscemi | 16 | 0 |
| 17 | Michael Fowlkes | 15 | 0 |
| 18 | Michael Shulman | 13 | 0 |
| 19 | Sam Collins | 11 | 0 |
| 20 | Elizabeth Harrow | 10 | 0 |
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