Authentic growth

Posted in Politics and Society on 11. Mar, 2009

Yesterday the stock market surged. The Dow shot up 380 points, the Nasdaq nearly 90. But while I was rifling through my bedside drawers for some Dramamine, I heard this: House Speaker Nancy Pelosi wants to keep the federal coffers open for additional stimulus packages. I got nauseous for a whole different reason. Didn’t we [...]

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Adam Smith for dummies

Posted in Politics and Society on 20. Jun, 2007

Despite their obvious differences, Das Kapital and The Wealth of Nations share at least one similarity: Nobody reads them. In the case of Karl Marx, this is no tragedy. Thanks to the colorful antics of history (many of them sticky and sanguinary), anyone can see that the bewhiskered dreamer was full of crap. Not so with [...]

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