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    Commentary / capitalism, democracy, Donald Trump, plutocracy, Reagan /

    Welcome to 2025

    January 6, 2025

    Welcome to 2025.  The first year of Trump 2.0.  It promises to be fun — as long as by “fun” we mean chaotic or unpredictable.  The dilemma is clear from the torrent of material flooding our various commentariat avenues.   Take Janan Ganesh in Thursday’s Financial Times.  He has written one of his usual deliberately […]

    Commentary, Economics / capitalism, CEO Pay, democracy, plutocracy, shareholder value /

    On the Folly of Lord Spencer

    December 12, 2024

    Tone deaf? Or just plain stupid? Both, perhaps? I don’t know anything about Lord Michael Spencer other than what I just read in today’s Financial Times.  He is, apparently, a billionaire and the founder of something called ICAP which is, I am led to believe, a brokerage.  I know, consequently, that Lord Spencer does not […]

    Economics / asymmetry, economic theory, Federal Reserve Board /

    The Geology of Economics?

    November 11, 2024

    This is something I need to get of my desktop.  It’s just for fun … Asymmetry is the very beginning and end of an economy.  It’s the bumps that matter.  Explain them and you explain the economy.  After all the very notion of exchange presumes differences between those involved, and difference is just another way […]

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