Tag: economics

The Important Part Of Investing


Investing is about more than money. Understand the idea.

What Is Economics For?


We would all gain by udnerstanding the idea of allocating scarce resources.

Can Successful Things Fail?


multi-variable problems cannot be solved by looking at only one of them.

Dynamic Decisions


The world has changed but some players don’t seem to know yet.

Central Banks and Interest Rates


what is the proper interest rate today?

How Do Negative Interest Rates Work?


Mortgages at minus 5% coming soon? Probably not, but negative interest rates are everywhere now.

Understanding Economics


Why is economics known as the “dismal science?” Economics deals with scarcity and how people address that problem.  Scarcity, and doing without, and envy, all form a part of why it is dismal.  No one wants to think about that aspect of life. We… Continue Reading “Understanding Economics”

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?””

What Do We Know?


For the past week or so, one of my cousins and I have been batting around the value of  holding gold in one’s portfolio.  He puts high value on it, I put little value on it.  He thinks I am wrong, I think he… Continue Reading “What Do We Know?”

Sound As A Dollar


Inflation happens when more money chases the same or fewer goods. For the past three years governments have injected a great deal of money into the economy. The goods and service side has not changed as much, yet there has been no significant inflation.… Continue Reading “Sound As A Dollar”

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