Doomed to Repeat?

November 16, 2017

One of the great pleasures of living here in southern Vermont is that we have a terrific local bookshop. I go there simply to absorb that book shop vibe unattainable in the bits and bytes of Amazon. And like all good bookshops this one throws up surprises. About three weeks ago I was browsing the [more…]

Taxes: 1970’s Redux?

November 14, 2017

Taxes. What a problem.

I was going to start by saying something about our current national debate about taxes, but that would have been an untruth. We are not having a debate. Instead we are all sitting on the sidelines whilst the Republican Party desperately tries to cobble together a tax plan in order to [more…]


October 25, 2017

Robert Locke's excellent discussion of the different perspective presented by a tacit-knowledge rather than explicit-driven driven enquiry into economic matters prompts me to reprise my understanding of the purpose of a business firm.

Put briefly: a business firm exists to translate what is often called tacit knowledge in to what is called explicit knowledge. An alternative [more…]

Spite as Policy

October 17, 2017

There's not much to say, but let me say it anyway:

Last week Trump simply stopped pretending he wants to make policy based on thought. He revealed, instead, that his primal driving force is to humiliate and stomp on anyone who stops him being in total control. Since Congress failed to deliver a "repeal and [more…]

Health Care Front Lines

October 13, 2017

Health care is the muddy hellhole pocked wasteland of American politics. Forgive my World War One analogy, but its the best I can come up with. We are stuck in mindless trench warfare. The generals sit somewhere off to one side planning the next big futile initiative and the troops -- in this case you [more…]