Does government have a place in business? This is a question that I have been debating for awhile. Orderly markets require regulation, and regulation has to come from government. Too much regulation and you end up messed, too little and you end up fried. This is sort of like cooking a frog.
Now government has to [...]
Entries Tagged as ‘Misc’
August 1, 2008
Put government back in the equation
July 30, 2008
The sky is falling!
Chicken Little, the sky is falling. Did you not notice the sky is falling? I mean, everyone knows the sky is falling. Do you not watch TV, read a newspaper, own a house, have a mortgage? Do you not know that the sky is falling is the flavor of the day?
Do not worry. Next we [...]
July 25, 2008
Just trade bad paper for good paper
Without ground rules to play with in the financial markets, people will make stupid bets for short-term profit that cost everyone 100 times over in the long term. The U.S. had–I stress had–the best mortgage system in the world: 30-year fixed paper at a decent rate, with 20% down. This was a bet that created [...]
July 24, 2008
Basic rule of law needed in Russia
An investment gets trapped in Kremlin’s vise
Very scary article on Russia. As resource prices go up, expect more and more to be taken back by the locals. Russia is ahead of the curve, but just you all wait, others will catch up. At least this guy is out and is not spending his time in [...]
