Tag archive for ‘Incentives’
Encouraging the Freedom to Fail
American business is the most robust, the most efficient, and the most effective in providing returns to shareholders on invested capital. We take capital from all points on the globe and turn it into returns that are often multiples of what they initially invested. No other country is as effective at generating wealth as the United States. We are so effective because of our commitment to capitalism and free markets. Part and parcel of that commitment is a belief in freedom. One of those freedoms has to be the freedom to fail. For if failure is not a consequence of bad decision making by private enterprise, we will surely fail in the long term in generating wealth. Life without risk, in business, is not worth investing in.
Why is crude oil (and gasoline) so expensive?
I have been getting emails from readers essentially asking me to do a post on oil - why is it so expensive, and what, if anything should be the GOP’s party platform on energy. While energy economics is not my specialty - I do understand commodities markets, and I believe I probably understand better than [...]
Fascinating Charts from the NY Fed Bank
If you haven’t seen this - you need to look at it… it’s fascinating….
http://www2.newyorkfed.org/mortgagemaps/
It’s an interactive map of the mortgage markets across the United States. You can punch in your zip-code and have access to the Fed’s data on housing conditions, foreclosure activity, % of ARM loans, % that will reset, etc.
What struck me the [...]
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