The Secret Life of Metaphor
Humans are always looking for patterns as a matter of survival, and when the picture isn’t complete our brains fill in the blanks.
The Japanese Currency Intervention
Bush’s Huge Budget Numbers Blamed on Obama
Leftist political humorist Calvin Trillin once noted, “sooner or later, every president makes you nostalgic for his predecessor.” Now, halfway through Obama’s term, it looks like the conservative pundits are happy to help this process along as best they can.
Boomtime Casual Is Back
On March 9th, 2009 the S&P stock index hit a low of 666. Also appearing on 3-9-09, was Jeffrey Tucker’s article “Dress Like the Great Depression.” Tucker was preparing job seekers for a new sensibility in work attire, writing “be ready for today’s tight job market, which seeks serious men, not goofs in sweats and polos.”
Value Investors Hate Gold
Exhibit A: Jeremy Grantham, a highly respected and successful value investor, wrote::
The Real Meaning of “Defense”
Why Are People So Forgiving of Government Failure?
Once upon a time, I developed a theory that we have much lower expectations for public-sector performance than we do for private-sector performance.1 We saw this in accounting standards that — when applied to Enron — resulted in market forces shutting that firm down, while the Department of Defense loses billions of doll
A Bolshevik Love Story
Bukharin was simply one of millions, mostly peasants, who would die in a reign of terror.
Say No to Libyan Intervention
Is it possible to both oppose Gaddafi and oppose a war on Gaddafi? Absolutely. This is a position that all Americans should adopt. In the same way, it is possible to oppose the Obama administration but also oppose having a foreign army oust him in order to liberate us.