Henry Ford may have been right, but his insight is irrelevant. |
Jun 23rd, 2014
Venture capitalist Nick Hanauer gave a persuasive, but ultimately misleading, TED lecture in the attached video clip in which he makes the argument that reducing tax rates on the rich does not increase job creation, and tthat reducing income inequality is the answer to our unemployment crisis. Like many...
The Flawed Congressional Budget Office Report on the Effects of Minimum Wage Increases |
Feb 20th, 2014
The Congressional Budget Office (“the CBO”) published a report on February 18, 2014, with its estimates of the effect of a federal minimum wage increase from $7.25 to $10.10. The headlines from the Report would appear to support the finding that the increase would cost 500,000 jobs, but would lift 9...
The “real” scoop on pharmacies, drug companies, and health insurance plans |
Feb 15th, 2014
One of the funniest comedians I ever saw in person was Robert Klein, back in 1973, when I was a law student at Harvard and he performed at the Passim Coffee House in Harvard Square. One remark he made that night comes back to me whenever I think about the healthcare industry. Klein’s comic style was...
Why do intelligent politicians support a minimum wage proposal that will kill jobs? |
Feb 7th, 2014
In the Thursday, January 30, 2014, issue of The Wall Street Journal, Michael Saltsman, a Research director at the Employment Policies Institute, wrote a well-argued Op-Ed piece entitled “The Employee of the Month Has a Battery.” He argues, as I have, that higher minimum wage laws are job killers. ...
Rapid increases in minimum wages: a bad idea for the people they are trying to help |
Jan 9th, 2014
The widening gap between what many Americans need for an acceptable standard of living and the income they are able to secure is a real problem, and I empathize with those who struggle every day to pay bills. Moreover, the decline in well-paying jobs for people with modest skills and educational attainment...
Posted on Jul 27th, 2014 | 0 comments
The under appreciated problem of eve...
Every once in a while, I am fortunate to read a book that presents a set of insights that I am surprised I did not understand previously. Moreover, the author describes a problem that is not well-understood...
Posted on Mar 25th, 2014 | 2 comments
Higher minimum wages: “gentrif...
Over the years, I have met many elected officials, more often than not, Democrats who, from a combination of wanting to make peoples’ lives better through laws and regulations and resentment against...
Posted on Dec 17th, 2013 | 0 comments
The John F. Kennedy Assassination
I just finished reading a most insightful book called A Cruel and Shocking Act: The Secret History of the Kennedy Assassination. What made this book stand out from so many other books about the John F....
Posted on Dec 8th, 2013 | 0 comments
Nelson Mandela
The death of Nelson Mandela this past week ends the life of one of the handful of the most remarkable and admirable political figures of the last millennium. My wife Joyce and I were quite moved by our visit...
Posted on Oct 16th, 2013 | 1 comment
What made The Eagles soar?
From time to time, I write about very successful individuals, teams, groups, and organizations because I believe it is important for us to understand why certain people are more successful than everyone else....
Posted on Sep 19th, 2013 | 2 comments
Thank you, Sheila Bair
We are observing the five-year anniversary of one of the most tumultuous months in American economic history, September, 2008, when Lehman Brothers went bankrupt, and in which the entire developed world...
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