How the NY Times Got the JOBS Act Wrong

One of the great dilemmas in the modern economy is balancing risk and reward, cost and benefit. That is true for investors, corporate managers, citizens, and elected officials. The financial crisis was caused by excessive risk taking by almost every player in the system. Investors stretched for return but didn’t understand the risks to which … Continue reading “How the NY Times Got the JOBS Act Wrong”

Downgrading America?

I don’t know how most Americans feel these days, but I haven’t felt like this since just before Richard Nixon left office in 1974. Our political leaders (think “jumbo shrimp” or “military intelligence”) have just completed a grand game of chicken. They ended up in just the same position Neville Chamberlain was when he negotiated … Continue reading “Downgrading America?”