Long Or Short Capital is typically a wonderfully satirical Wall Street blog (albeit with a total crap comment system). In today’s post about the the Obama Adminstration and the Chrysler bankruptcy, however, I found no humor whatsoever. A line had been crossed, and there was no parody of truth; there was only clear [...]
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Intellectually, people are, fundamentally, herd animals. In other words, individuals often assume group wisdom rather assessing facts and reality themselves. We all know that bicycle helmets are a good safety measure and that wearing seatbelts saves lives, because we just know it. Perhaps as busy people we just ration our attention, and only take the time [...] Most economists, with the exception of the ancient-school Paul Krugman, think that broad-scale government bail-outs in these times of troubles are big mistakes. The problem is, most Americans are not economists. Furthermore, they don’t know any economists, and don’t read or understand any economics. Hence politics, rather than economics, will rule the day. Now [...] All this talk of wealth re-distribution is scaring the crap out of me. Unlike the old days, when people used to admire successful businesspeople, nowadays there are resentments and feelings of injustice toward “too much success”. Paul Samuelson, a Nobel-prize winning economist, writes about why the people’s anger towards investment bankers and CEO’s, and the [...] A great summary of the world’s malaise, and a compelling argument about why the government’s (and populace’s) knee jerk reactions are all wrong. Hat tip to Paul Kedrosky for the find. Juan Enriquez (2008) Pop!Tech Pop!Cast from PopTech on Vimeo. I’m a longtime Peggy Noonan fan. She is perceptive and incisive. Today, in the WSJ, she writes about Sarah Palin: “…we have seen Mrs. Palin on the national stage for seven weeks now, and there is little sign that she has the tools, the equipment, the knowledge or the philosophical grounding one hopes for, [...] It’s NOT because he lied, because he didn’t. It is because: - Mr. Bush has presided over the fastest growth in federal spending since the great Society in the 1960s. - Mr. Bush put the Republican seal of approval on the biggest intrusion of federal power into the classroom in history (No Child Left Behind) - Mr. Bush and [...] Marc Andreessen’s blog is well known amongst the high-tech entrepreneurial community to be well-written, insightful, and expert. However, his occasional political posts have been, to put it mildly, sophomoric. (Perhaps they are almost as juvenile as mine). However, his post this morning does a fantastic job of illustrating why Obama is such a great candidate to [...] OK, OK, I’m a bit premature, but I’m so excited that the politics of character assassination are in their death throes that I just couldn’t wait until March 5! Lawrence Lessig has a beautiful piece on the contrasts between Clinton and Obama. It is so well done that not only are the points compelling, but the delivery of the message is compelling in and of itself. A short summary of the presentation might be that Obama has courage, moral fortitude, and leadership, while Clinton has [...] |
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