In a February blog, I mentioned an economic idea beloved by the far left called Modern Monetary Theory. (MMT)  It posits that  a  country with its own currency needn’t worry about accumulating debt because it can print money to pay off its interest.  Sounding too good to be true

If  voters are to understand the Democratic debates in the next election, they will need to understand a “new economics” that is beloved by the political left: Modern Monetary Theory, affectionately known as MMT.  I think of it as Money Magic Trick. And it isn’t new.  The the

Trump has always been a president untroubled by his contradictions. When the stock market is up, he takes his bow center stage.  When it’s down, he blames Jerome Powell, his appointment as Chair of the Federal Reserve Board.  Conventional wisdom discounts either position.  “…

A funny thing happens when you ban girls from a boys’ club.  Not only do they create their own, (Click) but what they build tends to have wide appeal.  That’s what happened for Pooja Nath Sankar, now CEO of a Palo Alto Company called Piazza. Sankar didn’t plan to build a busin

Recently, there was a dustup at Reed College, my alma mater.  Like elsewhere, the students are balking against the curriculum.  In particular, they resent being dragged through the Humanities, a survey course on western culture that begins with ancient Greece.  To focus

A reader commented on my blog of January 4, 2017.  The topic was about leadership.  In it, I referenced an article where researchers had concluded values, above intelligence or experiences, was the primary quality for a statesperson.  The woman recounted a discussion she’d had wi

As I wrote in a recent blog, one of the big worries in the US stock market is the fallen price of oil. (Blog 1/16/16)  The second worry is China, our trading partner.  When that nation hiccups, investors here pay attention. At the moment the country poses a two-pronged worry.  Firs