finance

October 19th, 2008 by alephnaught

Some data to support the concentration of wealth

I’ve been writing about the concentration of wealth in the United States here and here for example; now the New York Times has provided a series of graphs on the US economy since Harry Truman’s Presidency that shows this trend: So why would we continue a tax policy that places more and more of the […]

October 1st, 2008 by alephnaught

Trust, liquidity, and the Great Depression too!

There’s a good article in today’s New York Times comparing some of the circumstances surrounding the Great Depression with what’s going on today, Lesson From a Crisis: When Trust Vanishes, Worry. The article talks about the lack of response to the early warning signs of the Great Depression and especially about the public’s view that […]

September 24th, 2008 by alephnaught

Do you trust executives?

I’ve been thinking about executive salaries among other things.  A few years ago, I read an interesting article on the start of the Great Depression; the author noted that wealth had never been so concentrated in so few hands as it was just before the start. Today I read “In Bailout Furor, Wall Street Pay […]

September 23rd, 2008 by alephnaught

Bail out foriegn banks? You’re kidding, right?

In today’s New York Times I read “Foreign Nations Pledge Support, but Not Financing” with some interest. I especially liked the following quote: “There’s a view in Europe that this is a U.S.-made problem, and that it should be solved in the U.S.,” said Charles H. Dallara, the managing director of the Institute for International […]