Classical Economics in a Quantum World
A strong and stable society requires a basic bond between government and its citizens. This is a foundational bond. A bond that cements trust between government and citizens, and allows for a sustained, beneficial return shared equally between each. This is…
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Today, capitalism is on the ropes. Thomas Piketty, Robert Gordon, Adair Turner, and Larry Summers have lamented the end of growth leading to a new age of “secular stagnation”. Is capitalism a spent force? In its current form of crony…
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First, conventional wisdom floats “secular stagnation” and the “end of growth” as the policy failure excuse du jour. Quite the “conundrum”. Now to add insult to injury, Peggy Noonan informs us that we have entered the age of the end of…
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An individual with a non-chronic medical issue sees a doctor and the doctor prescribes a pill. This relieves the symptoms temporarily and the patient feels better. The patient continues to take the prescribed pill. Over time the continuous dosage of…
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Understanding Gold 1 There is an interesting paradox to gold. Virtually everyone on the planet inherently understands gold and recognizes its monetary value. There is nowhere on the planet where this is not true. From the deepest jungles, remote areas…
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Thomas Carlyle, a Scottish philosopher and historian, termed economics “the dismal science” in the 19th century. Regardless of Carlyle’s reason for originating the phrase, today’s economics profession ensures that economics remains true to Carlyle’s sentiment. In an era of abundance,…
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Much less, care what they say The privately held Federal Reserve Bank Chair is a household name as recognizable as the most senior elected officials occupying positions of extreme power in the federal government. Markets soar and swoon on a…
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The dollar is the world’s reserve currency. Estimates are that 2/3rd of dollars in circulation are held outside the U.S. There are 7.4 billion people on the planet, and one way or another in our connected, quantum world, management of…
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