Deflation In the Spotlight At Last

Comments and questions continue to flood in about deflation. After months of writing about it the subject is finally getting real traction. You read about it in the mainstream financial press and hear about it on CNBC almost every day now. So let’s get to some...

The FED, Alan Greenspan, and Ayn Rand

I’ve written a lot about deflation over the last three or four months. But yesterday’s column on it, published here, got me an especially big flood of responses. One especially interesting one came by email, and I’m going to reproduce it here, and...

The New Language

Language is never static because in the process of progress, new words emerge for new tools and concepts. Some of today’s new language, like cosmetics, conceal and confuse. Since I’ve been on earth a sufficient interval of time to see some of this,...

Made in Japan

Remember all those books in the 1980s about “kaizen,” “kanban,” “keiretsu” and all the other secrets of Japanese management that were supposed to save American industry? Well, it must have worked — and perhaps too well....

The Creativity-Knowledge Dichotomy

I saw a bumpersticker the other day which said, “Creativity Is More Important Than Knowledge.” What an excellent example of utterly wrong thinking! You can’t separate creativity from knowledge. The two are intertwined. Generally speaking, greater...

George W. Bush is His Father’s Son

[CAPITALISM MAGAZINE.COM] President George W. Bush is his father’s son. In place of principle — right or wrong — we see waffling. His recent approach to the stem-cell research debate illustrates this fact eloquently. The President came up with a...

Supply Chain 101

I find that my expertise as a supply chain management consultant helps me a great deal with my investing strategy. These days, a lot of brokerages — Morgan Stanley, Salamon Smith Barney, and Prudential to name a few — are getting excited about the...