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 […]