An Interesting True Story

Once upon a time the government had a vast scrap yard in the middle of a desert. Congress said, “Someone may steal from it at night.” So they created a night watchman position and hired a person for the job.

The Caustic Cost of College

An excellent article about the burgeoning cost of higher education…  In an article entitled, “The 12 Reasons College Costs Keep Rising“, the author covers some very valid reasons why it’s costing you more to send your children to college.   A few

Culture and Wealth

Victor Davis Hanson penned a recent article to explain the economic situation in Greece and elsewhere in the world.  He articulated some general stereotypes that are pertinent to understanding the reasons for rampant wealth in one nation, while a nation

Greece and California

If you’re a regular reader of this blog, you’ve probably seen my continuing series on the future of Greece (see here)…  The irony is that — in many ways — the State of California has many similar economic characteristics.  

We’re in Uncharted Territory

I like to tell my sons that the global financial indicators show that we’re in uncharted territory… Another economist and financial trader recently noted: I firmly believe we are on the edge of another Lehman-type meltdown in the financial industry.