Perhaps it is a part of growing older, or maybe it is the effect of advances in technology. Whatever the reason, kids these days seem to speak in a language that would have gotten someone of my generation smacked by … Read more
Gilded Age Regulation
Mark Carney, Governor of the Bank of England, gave a remarkable speech in London this week at the Conference on Inclusive Capitalism (found at Carney’s Inclusive Capitalism Speech). Carney’s speech is eloquent, philosophical, and thought provoking. What makes the speech … Read more
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Thucydides at the Bazaar
“Self-control is the chief element in self-respect, and self-respect is the chief element in courage.” ―Thucydides, The History of the Peloponnesian War Current geopolitical events lead me to reflect on the writings of Thucydides. The connection is meaningful albeit indirect. … Read more
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The Ordinary Investor
“Each man sees himself in the Grand Canyon,” wrote Carl Sandburg, in Good Morning, America (New York, Harcourt, Brace, 1928). The image of the individual lifting himself up by his own bootstraps is at the core of the American identity. … Read more
The Investing Imperative
One of the world’s leading economists on the subject of inequality has written a new book that promises to change the frame of reference for this controversial topic. As evidence of the rightward shift over the last thirty years of … Read more
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