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Daily Archive for April 21st, 2009

It has become tiresome reading the multitude of blatherings about how the recent financial crisis is a failure of capitalism. John Bogle’s piece in Tuesday’s WSJ is particularly troubling. The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of […]

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My favorite part of his comment is this: “This is not some fanciful, pie-in-the-sky vision of the future. It’s happening now. The problem is, it’s happening elsewhere.” He cited superior high-speed rail travel in countries like China, Japan, France and Spain OK economics students, it is quiz time. Does demonstrating that trains travel faster in […]

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