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What we do know is that the U.S. economy has a growth problem. In a world where no solution lacks side effects, M&A, within reason, remains safe and essential. Continue reading
Bell Labs harkens back to an age that viewed the largest corporations as not only the vanguard of modernity, but the most rational, most innovative, organization in history. Continue reading
Noam Scheiber is very clear in his point of view in his newly published dissection of the Obama administration's economic policy. Continue reading
We're at a strange moment, trembling between optimism and pessimism. Much of this is economic; after a gloomy four years or so, there are signs that a more solid economic recovery may be in the works. But then there are gas prices. And Greece. And Iran. Continue reading
In his new book, UCLA law professor and popular blogger Stephen Bainbridge provides a longer historical perspective on one aspect of the choking proliferation of rulemaking. Continue reading
So you came here expecting serious treatment of major brow-beetling issues: finance, politics, economics, the rise and fall of nations. Forget it. I want to discuss, well, dogs. Continue reading
Mark Zuckerberg was clearly dropped upon this mortal coil to confuse us about the distinction between public and private. This is giving me a headache, which I will keep to myself since I have neither a Facebook profile nor a... Continue reading
The civilized world, finance and regulatory division, is furiously writing comment papers on the now-famous Volcker Rule to get in under the deadline. Why do they wait, like tardy students, until the last minute? Continue reading
We wish for simple answers, but there are none as long as we want all the good things finance showers upon us, and none of the bad. Continue reading
A look at David Graeber's 'Debt: The First 5,000 Years' and Louis Hyman's 'Debtor Nation: The History of America in Red Ink.' Continue reading
Fukuyama sweeps through history at 20,000 feet, identifying peaks and valleys and sites of local interest. And that's, of course, the problem: You're way up in the air, wondering what life is really like down there on the chaotic, messy, murky historical ground. Continue reading
MIT economics professor Andrew Lo has written a paper for the 'Journal of Economic Literature' summarizing, with a few general points, some 21 books on the financial crisis. This is a task I, a certified lunatic, also tackled several years ago. Continue reading
Class, everyone rattle your talking points. True, we hadn't given a stray thought to this subject for years until Newt accused Mitt of pillage and plutocracy. But we know exactly what's wrong with that sweet angle called private equity. Everything.... Continue reading
