Economics
I'm a small-business owner — an upscale supermarket in the Santa Ynez Valley — and I have a question no financial guru has cleared up for me. Why is the stock market considered an investment? When I spent $50,000 on a sushi bar in my store, I was banking
Economics
A link to John Mauldin's investment newsletter. Mauldin's site
Economics
Everyone in the economic debate seems to forget the most important element. Without the businessman — the butcher, baker, candlestick maker, farmer, miner — there is no economy. The forward development of mankind hinges on which structures best encourage people to risk time, money, and peace of mind to produce more than
Economics
These folks have it right. The trouble is that all the logic in the world can't compete with a politician promising to override the rules of commerce by force of will. Without credit, how is anyone supposed to buy a car anyway? It's all insane, and
Economics
The most readable blogger on economics I've found. Great stuff. Carpe Diem
Economics
We are heading in a very scary direction. My father lived through the complete devaluation of the German mark, and this is looking uncomfortably similar. Not good. The article
Economics
Hopefully a window into the maw — a watchdog site tracking the bailout spending. Bailout Sleuth
Economics
This week: the problem with deleveraging. Mauldin remains, to my mind, a genuine sage on these questions.
Economics
The well-known parable: ten men go out for beer and split the bill the way we pay our taxes — the first four pay nothing, and the tenth pays most of it. When the bill is reduced and the savings are shared proportionally, the wealthiest man's larger share leaves
Economics
A linked piece challenging the conventional narrative of the 1930s. I can't believe how short-sighted we can be — we might just deserve our fate. The article (WSJ)
Economics
A phenomenal interview with a real realist. I can't stress enough how important this principle is, in my view. The interview
Economics
The conservative argument, as I understood it: high marginal tax rates suppress economic growth while low ones encourage it, and growth in turn creates jobs. My pre-election worry was about which direction we were headed.