Category: Uncategorized
Federal Debt Facts from CATO
CATO published the following summary of the current status of the federal debt:
Good Bank, Bad Bank
I am worried that my previous post may have been too favorable to bankers. Bankers are not universally loved. They have a reputation for foreclosing on decent people having a hard time financially, for not lending to anyone except those who don’t need a loan, and so on. Two movies that illustrate this are “It’s…
SVB and Bank Profits
This article in The Economist magazine describes well what happened with Silicon Valley Bank and some other impending bank failures. It also describes the other side of the banking business, which is getting less attention today. The lesson of SVB is don’t borrow long term bonds to back up short term deposits. But SVB had…
Need for Unskilled Immigrants
An article in Foreign Affairs says that automation will not eliminate the need for low skilled workers. It contributes to the debate about immigration, and how it affects the economy, discussed in previous blogs (such as this one). The article says: Undoubtedly, truly revolutionary changes have occurred in how people communicate, seek information, organize and…
Fareed: Groupthink on China
In his Washington Post column, Fareed Zakaria says that Washington has succumbed to groupthink on China. He says: Washington has embraced a wide-ranging consensus on China that has turned into a classic example of groupthink. Today, U.S.-China relations are a mess. China continues to do things that alarm Washington but there is no discussion between the two…
Ronaldo makes history as Brazil join the party
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic…
The environmental costs of fast fashion
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic…