Just a Game If only Fed Governors and Presidents understood a little bit more about Monopoly, and a tad less about outdated historical models such as […]

Bon Appetit! The economist Joseph Schumpeter once remarked that the “top-dollar rooms in capitalism’s grand hotel are always occupied, but not by the same occupants”. There […]

Culture Clash A respected reporter recently asked me what were a few important things I had learned from all this and all of that during the […]

Zeno’s Paradox I once wrote that a good “bond manager” should metaphorically be composed of 1/3 mathematician, 1/3 economist and 1/3 horse trader. I still stand […]

Increasingly Addled Long ago and far away in the adolescent cauldron known as Los Altos High School, I attended a senior U.S. history class with a […]

For Wonks Only A credit-based financial economy (as opposed to pure cash) depends on an ever-expanding outstanding level of credit for its survival. Without additional credit, […]

Goodnight Vietnam It was a matter of happenstance I suppose – certainly not serendipity. Our meeting may have been an inevitable coming together, but it was […]