The Unbroken Window

“What’s in YOUR Wallet?” MY MONEY

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I am clearly sympathetic to the many Tea Parties that are happening around the country today. But these are all focusing on how serious the federal income tax burden is. But for most people, I would argue that their federal income tax burden is nowhere near the most serious tax they face. For example, if [...]

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Yesterday’s WSJ had an editorial talking about how the introduction of a “voluntary” opt-in to government health insurance spells the end of private insurance as we know it. While there is little particularly attractive about the current “private” system (it is far more socialist than it is market driven already), this is not some idle, [...]

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The 81-year-old pope … climbed up to his gilded chair on the loggia.” Rather than critique the obvious absurdity above, I’ll just ask a simple question. Does sitting in a gilded chair somehow make you an authority on the conditions of the WORLD? If it were a plain old aluminum folding chair, would his views [...]

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Comes from the dynamic marketplace. Joseph Schumpeter famously coined the process “creative destruction.” Among the 100 largest firms today, a number-including FedEx, Microsoft, Cisco, and Home Depot–didn’t even exist in 1970. So profoundly has the landscape changed that 80 percent of the Fortune 100 companies today are different from 1970. Read the article here. The [...]

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This article talks about how the looters in 10 states are going to increase income taxes. I thought state spending stimulated economic growth. Isn’t that what we are being sold on? So why do you need to even collect any taxes at all? Shouldn’t you be able to borrow from just about anyone at very [...]

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Mr. Mottola hopes his new business, Family Hot Dog, will supplement his sagging income as a home contractor. “I’m creating my own stimulus plan,” he says. “I’m not waiting for the president.” Sadly, this will be riduculed. More sad than that: “After Jerry and Sandra Mottola ordered a $3,000 hot-dog cart online recently, they discovered [...]

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My wife and I were watching TV the other night. We just upgraded our cable to include DVR services. We wanted to watch NCIS, but also wanted to check out the singing on Idol as well as catch parts of the NCAA Women’s Basketball Championship. All of these were happening at the same time. After [...]

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The blue line is the gross value of the S&P 500 since 1979 and the red line is the chart of the GM stock price over the same time. Both lines are on log-scales and both have been normalized so that the price on 1/3/79 is 100. While putting $100 in a broad stock index [...]

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