The crash of 2008 and the recession that followed were the result of a speculative real estate frenzy fueled by reckless lending. It ruined millions of lives. Most were people who never accepted a bad loan, flipped a house, or … Continue reading
Tag Archives: climate change
Winston Churchill supposedly said that the United States will always do the right thing, after first exhausting all other alternatives. Apparently, there’s no evidence he actually said any such thing. But the sentiment suits the present situation, and it’s high … Continue reading
Donald Trump claimed he would be an excellent president because he was a businessman, and his acolytes have echoed that notion ever since. But most successful businesses have to look ahead, not in the rearview mirror. Joseph Schumpeter famously said … Continue reading