April 28, 2015

Note to Washington: You Cannot Separate Human Psychology from Economics

Predictably Irrational Book

  The Huffington Post is talking about Obama's handling of the economy and the world view of his economic advisers now that Larry Summers is resigning. Those policies -- the bailout of Detroit automakers, an $814 billion stimulus package, subsequent programs under TARP, Cash for Clunkers and the administration's unlimited backstop of Fannie Mae and Freddie Mac -- arguably saved an economy that many considered to be on the verge of collapse. But while the recession officially ended last … [Read more...]

How to Solve the Trade Deficit – Part IV

I Want My Country Back

This is part of my special on How to Solve the Trade Deficit. You can read Part I, Part II, or Part III if you missed them. The Increased Competition for Jobs Is Domestic, As Well You mention that standards of living have fallen, despite gains in things like iPods with 25,000 songs and the ability to connect instantly through the Internet.  The thing is: In many respects, it isn't true - standards of living haven't fallen - unless you fit one specific demographic, which we'll talk about in a … [Read more...]

How to Solve the Trade Deficit – Part III

Knowledge Worker

This is Part III of my special on How to Solve the Trade Deficit.  If you missed the earlier parts, you can read Part I or Part II first. How to Solve the Trade Deficit - Knowledge Workers vs. Manual Workers In many ways, your question about the trade deficit has very little to do with global trade policies and everything to do with the rise of the "knowledge worker" class that Peter Drucker predicted in 1959. Drucker, the management guru who is to executives what Warren Buffett is to … [Read more...]

Four New 64 Gigabyte iPads for the Business!

IPad for Business Review

After dropping Jocelyn off at the airport yesterday morning, Aaron and I went to Barnes & Noble to get a range of additional business books. We then returned home, Aaron decided to go to his parents' house and paint Easter eggs with his nephew and mom. A series of events then lead to my parents and I driving to the Apple store in the Country Club Plaza in Kansas City, buying four (4) new 64 Gigabyte iPads with matching leather cases, as well as a new 32 gigabyte iPhone for my mom. The … [Read more...]

A Discussion on Pension Costs

It’s nearly 4 in the morning and I’m up reading political blogs; happened to come across http://cognidissidence.blogspot.com/ and enjoyed reading it. This particular entry is way off base from a financial perspective and since the author seems to be working to expose problems in government, I thought I’d take the time to explain why if any of you are interested. If not, that’s okay, too. Also, given the time, I apologize if there are errors or it is not entirely coherent. Let’s imagine that yo … [Read more...]