Let's go back to the last line in Schumpeter's remark. Only when the lending ultimately results in a surplus of productive activity...

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn wh...

Rerun of March episode . Link

I came away from Maine, and meeting with some of the most astute economists in the world, with a series of impressions that will be the core...

Found via the Corner of Berkshire & Fairfax . Link to: Market Turmoil Conference Call Replay

Found via Paul Kedrosky . Sitting in a Panera in Boston’s financial district in early July with Jeremy Grantham, I suddenly found myself c...

Just last week in Thoughts from the Frontline, we discussed the relative valuations of emerging markets. Any discussion of an emerging marke...

This paper was mentioned in Steve Keen’s new and expanded edition of Debunking Economics , which comes out in October in the U.S. I was fort...

Link to: Adam Seessel on Bloomberg ……………….. Related previous posts: "The Forgotten Man" - by Frank Martin Martin Capital M...

Robert Cialdini has spent his entire career learning and teaching the science of influence. His book Influence: Science and Practice has so...