One-Minute Business Lesson – 1

A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the

Is US Economy Heading to Stagflation?

Most college macroeconomic textbooks have all sorts of information to explain the concept of inflation or recession.  I was just explaining to son Leonard that an economy is in a constant state of change, and the Government attempts to keep

Noonan’s Views

Walt Wood forwarded this article from Peggy Noonan to me… Why do we do this when you know I am not a terrorist, and you know I know you know I am not a terrorist? …  Our politicians congratulate themselves

The Focus of University Leadership

Update –  A provocative article from Thomas Sowell entitled the “Economics of College“.    Sowell makes some fascinating observations for the reason that college costs so much: There are two basic reasons. The first is that people will pay what the colleges

One-Way Trip to Mars

NASA was interviewing professionals they were considering to send to Mars. The touchy part was that only one guy could go and it would be a one way trip, the guy never returning to Earth. The interviewer asked the first applicant,

Are People Inherently Irrational?

During my recent vacation, I read an interesting book entitled, “Predictably Irrational”. Since the various stories were engaging and the book was only 250 double spaced pages, it was an easy read over a few days. There are already many