Category Archives: I Didn’t Know That

How to Increase US Economic Mobility

The United States has ceased to be “Horatio Alger’s America – a country defined by the promise that whoever you are, you have the same chance as anyone else to rise, with pluck, industry, and talent.” Restoring America’s Economic Mobility … Continue reading

Posted in DWS, I Didn't Know That, Unhappy Days | Leave a comment

Squirting Sideways

Too much effort to reduce the amount of inequality, both income and wealth, is resisting or attacking the other party. This is at best a zero sum game. Often the result is fighting over shares of a shrinking pie. Many … Continue reading

Posted in Happy Days, I Didn't Know That | Leave a comment

Reverse Robin Hoods

Available statistics suggest that the average unbanked family spends more on financial transactions than they do on food. When the Bank Robs You includes the above frightening statistic. Here in Texas payday loans are limited by law to no more … Continue reading

Posted in I Didn't Know That, Unhappy Days | Leave a comment

Junk Bond Bubbling?

News is the junk bond market is in trouble because a lot of it is oil exploration and production companies engaged in fracking. This is not cheap oil, though it is domestic. The Saudis are undercutting this oil. So some … Continue reading

Posted in I Didn't Know That | Leave a comment

Helping Small Businesses

Community Development Credit Union (CDCU), are credit unions that specifically work to serve low-income people and communities. Are Credit Unions the Cure to the Problems with Gentrification in NYC? tells the story of several businesses in the poor parts of … Continue reading

Posted in DWS, I Didn't Know That | Leave a comment

Disintermediating Everybody

I’ve written occasionally about Disintermediating Wall Street, investing without going through the big Wall Street investment banks. Tim O’Reilly has a new blog post about how network based startups are disintermediating taxi companies and hotel chains. He also lays out … Continue reading

Posted in DWS, Happy Days, I Didn't Know That, Startups | Leave a comment

Capitalism – Where Did It Go Wrong?

Free markets (or even better, fair markets where no one can manipulate them), investments, and entrepreneurship have a lot of potential for the common good. But modern corporations seem to have stopped serving the social good that was their original … Continue reading

Posted in DWS, Fundamentals, I Didn't Know That, Introductions, Unhappy Days | Leave a comment

Self-Sufficient?

Joni Ernst, the freshman senator from Iowa who gave the Republican response to President Obama’s State of the Union address, deplores government handouts. Her own extended family receives corn subsidies from the federal government. In her campaign she recalled how … Continue reading

Posted in I Didn't Know That | Leave a comment

Fingers of Instability

John Mauldin has written several times on complexity theory. His first and perhaps best read is Fingers of Instability, written in 2006. The title refers to experiments adding to piles of sand, a grain at time. Research has found that … Continue reading

Posted in I Didn't Know That, Unhappy Days | Leave a comment

California Drought, Coming to a Market Near You

I live it Austin, TX and vacation in California. I also was born there and did most of my growing up there. And I’m married to a native Texan. So I’m tuned to the rivalry between the two states. And their … Continue reading

Posted in Fundamentals, I Didn't Know That, Unhappy Days | Leave a comment