Category Archives: Economics

Grameen Bank Takeover in Bangladesh: Bad Economics.


I wrote earlier about the great work of the Grameen Bank and the Grameen Foundation, groups I have supported for many years.  Founder M. Yunus invented the concept of “microloans”, a tactic that has been helping the poor for many years.   … Continue reading

Posted in Bangladesh, charity, Economics, Globalization, Grameen, india, investments, not yet categorized | Tagged , , , | 5 Comments

Got Optimal?


It seems to me that one of the most underrated notions in the world is that of the “optimal” arrangement.    You hear a lot of folks talking about things like  “exploitation”, “growth”, “fairness”, “maximizing profits”, etc, etc, but it … Continue reading

Posted in china, companies, Economics, Poverty and Development, technology | Tagged , , , | 5 Comments

Those poor folks in the 99% who only have 8 million to their name.


After some time looking I finally found the number I’ve been after, which is the cutoff point in terms of the wealth of those elusive and mysterious  “1% people” everybody is talking about.  Here’s the excellent research document: http://www.levyinstitute.org/pubs/wp_589.pdf We … Continue reading

Posted in Economics, personal, retirement | Tagged , , , | 10 Comments

To Prosper or NOT to Prosper.com ?


Last year I began an experiment with PROSPER peer to peer lending.    The concept is great – cut out the banking middlemen and middlewomen, delivering higher returns to lenders and more borrowing power to investors.     Years ago … Continue reading

Posted in companies, Debt and Deficit, Economics, internet, investments | Tagged , , , | 2 Comments

Eat those mofo CEOs! Or maybe not.


For me the  “Eat the Mofo CEOs!” argument, aka “CEO pay is an outrageous inequitable violation of human rights”, etc, etc.  isn’t necessarily wrong, it’s just very incomplete. What we DO KNOW is that most folks are a lot better … Continue reading

Posted in companies, Economics, Globalization | Tagged , , , , , | 19 Comments

Robert Reich’s interesting 2 minute explanation of the economy. Dude, surely you jest!


In the interest of putting up good arguments *against* my general point of view (which I posted in “Shut up or Cut”, here’s the always-sharp-but- often-wrong Robert Reich. As with most tribal viewpoints, Reich makes several correct points and connects … Continue reading

Posted in Democrats, Economics, Politics | Tagged , | 8 Comments