I had the pleasure of attending yet another one of Mark Gerson’s phenomenal Shabbos dinners two weeks ago and the guest speaker made a very interesting point. He argued that … Continue reading “”

A recent article in the Financial Times showed that French and German schoolbooks demonize enterprise. As the article put it: “Students learn that companies destroy jobs, while government policy creates … Continue reading “”

As I wrote in a recent article (Capitalism and Democracy), despite decreases in global inequality because of economic growth in South East Asia, in-country income inequality has been rising. However, … Continue reading “”

I had the pleasure of listening to my good friend Einat Wilf (www.wilf.org) speak on the future of Israeli politics at Danny Gillerman’s house last night. She is ever the … Continue reading “”

I recently came across an article entitled “How Capitalism is Killing Democracy” by Robert Reich. The article is an adaptation from his book “Supercapitalism: The Transformation of Business, Democracy and … Continue reading “”

Last February I blogged about how excess petrodollar liquidity was creating bubbles all around the world and how I was pessimistic in the short and medium term for the US … Continue reading “”

It occurred to me a year ago that Bloomberg would make a great president. He has been a very effective mayor of New York. He restored fiscal balance and cooperated … Continue reading “”

Tony Blair is probably the most gifted politician of his generation. He is smart, open minded and a gifted orator. Moreover, I have repeatedly been impressed by his sense of … Continue reading “”

By most measures these are the best of times. We live longer, healthier lives than ever before. Our average income, standards of living and quality of life have improved across … Continue reading “”

I just came across a book written about a 45 year old Frenchman. He owns a large studio with a beautiful view on a garden. He owns an Alfa Romeo … Continue reading “”

Despite the fact that quality of life is actually very good in France, there is clearly a French malaise. People have a (real) sense of stagnation as their standard of … Continue reading “”

Regardless of where you stand on immigration, demographic shifts in Mexico will render the issue meaningless in the coming 10 years. I was partaking in a New America luncheon on … Continue reading “”

Before I begin, let’s start with a few basic macro-economic foundations. A country can either control its interest rates or its currency. It cannot control both at the same time. … Continue reading “”

If you were an economist arriving from Mars and looked at capital flows around the world, you would be very surprised by the patterns you observe. Ex-ante you would have … Continue reading “”

Global warming seems to be on the mind of many these days. There is no denying that the earth has warmed up over the last century. There is also increasing … Continue reading “”