Category: Our Societal Issues

We Need A New Index


I have a brother who believes coffee shops exist solely so people who know too little have a place to gather and complain about things they cannot change.  He might be right.  Former Ontario cabinet minister, John Snobolen, has said, “Complaining is the only… Continue Reading “We Need A New Index”

The Season For Giving


Hanukkah, Eid ul Adha, Yule, Rohatsu, Kwanzaa and other beliefs systems  have a celebratory season that more or less coincides with Christmas.  No matter your faith, for many, this is a time to consider the giving of gifts,  charity and charitable works. Why should… Continue Reading “The Season For Giving”

Uncertainty Matters


People will not push their wealth into the future if they do not trust the future to behave in their favour or at least in ways they understand.  That business people do not have presently much faith in the future is a given.  The… Continue Reading “Uncertainty Matters”

In Economics, What Is “The Bezzle?”


John Kay writing in the Financial Times, 22 October 2003 pointed out an interesting condition described by Economist John Kenneth Galbraith.  The Bezzle.  A tiny “embezzle” I suppose. “John Kenneth Galbraith’s greatest contribution to economics is the concept of the bezzle, that increment to… Continue Reading “In Economics, What Is “The Bezzle?””

Does A Liberal Who Is A Skilled Golfer Suffer From Cognitive Dissonance?


A strange question but one that can provide insight into the political backdrop to your business and investment efforts. As you know golf is a sport wherein you keep score.  If you are playing competitively, you compare your score to that of the others. … Continue Reading “Does A Liberal Who Is A Skilled Golfer Suffer From Cognitive Dissonance?”

What Can Knut Wicksell Tell Us About Interest Rates?


Knut Wicksell had quite a lot to say about how interest rates work. He was born in 1851, died in 1926 and was an economist who influenced both the Austrians Hayek and Von Mises and at the same time Keynes. He is a resource… Continue Reading “What Can Knut Wicksell Tell Us About Interest Rates?”

Business Strategy Should be Ego Free


The Canadian Federation of Independent Businesses recently published their annual paper “Communities in Boom.”  The interesting chart is Table 1 – City Entrepreneurial Index.  It purports to rank 107 cities in Canada in terms of how entrepreneurial the city is.  It ranks on 3… Continue Reading “Business Strategy Should be Ego Free”

Should We Care About Performance Enhancing Drugs?


Alex Rodriguez, Lance Armstrong and many others have been roundly castigated for using performance enhancing drugs to their benefit. Cheating is the consensus. As with many of society’s questions this one is a more complicated than it appears at first glance. And it is… Continue Reading “Should We Care About Performance Enhancing Drugs?”

Do You Know What Poor Means?


I have previously written about how a well defined problem is half solved and about how bureaucracies survive.  Defining the problem carefully is  an advantage for most of us.  There is a simple assumption in this belief.  That when the problem is solved you… Continue Reading “Do You Know What Poor Means?”

Wealth Grows Slowly, Very Slowly!


In December 2011 McKinsey Global Institute estimated that the total value of financial assets in the world was $198.1 trillion.  A considerable sum.   It may have gone up since.   There are many non-financial assets too.  Jewelry, art, homes, and more.  Call that another… Continue Reading “Wealth Grows Slowly, Very Slowly!”

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