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“You must trust and believe in people or life becomes impossible.”
— Anton Chekhov […]
Guns and ammo aren’t the only things Americans are buying in record amounts. Last week, the U.S. Mint announced that it has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year. […]
Today is Ben Franklin’s 307th birthday. What would this founding father extraordinaire, the first scientific American and financial guru say about America in 2013? As a sixth-generation grandson of the famous man, I imagined contacting the grandfather of our nation through modern technology and asking him directly. Here is the conversation: […]
I finished a productive trip to San Diego for the American Economic Association (AEA) meetings, where I met with several top economists, including Nobel Prize winners. One of the most popular sessions was a panel on the 100th anniversary of the Federal Reserve. […]
As we start a new year, I imagine, as John Lennon did in his famous song, a world of peace between nations, no major crimes or suicides, little inflation, low taxes and tolerable regulations. […]
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after years of economic turmoil, of boom and bust in the global economy, the great Austrian Friedrich von Hayek (1899-1992) is making an impact as the premier challenger of John Maynard Keynes and Keynesian policies of easy money, stimulus and big government. […]
Like the rest of the world, I am deeply saddened and angered by the unfathomable mass killing of 20 children and six women at a school in Newtown, Conn., by a deranged gunman. My heart goes out to all of the victims and their families, as well as their friends. This tragedy already has led […]
Federal spending, especially under George W. Bush (2001-2009) and Barack Obama (2010-2012), is out of control. The 2001 budget, the last one under Bill Clinton, was the last year in surplus. […]
“A virtuous and industrious people may be cheaply governed.” — Ben Franklin I have to laugh when I read about the fight over the budget and the “fiscal cliff” coming our way, and the decision by both President Obama (a Democrat) and John Boehner (a Republican) that taxes must go up to pay for the […]
Nassim Taleb, philosopher extraordinaire of probability theory and author of “The Black Swan,” has finally come out with another book, “Antifragile: Things that Gain from Disorder,” which takes pot shots at Nobel Prize economists Paul Krugman and Joseph Stiglitz, as well as others. […]
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