Redefining Economic Health

This post started with a seemingly simple question.  Is it possible for an economy to be healthy without growing? As a starting point, it is important to understand the method presently used for determining our nations economic health.  For 7 decades, we have used Gross Domestic Product (GDP) growth as the primary indicator of health, read more…

Dear Mr. Warren Buffett

As an investor, Warren Buffett has few peers. As a philanthropist, he is second only to Bill Gates. As a tax advisor, Mr. Buffett is misguided. In a letter to the NY Times on Sunday, Mr. Buffett tells of checking with his “mega rich” pals to determine if they, like he,  have benefited from “extraordinary read more…

RFK on the shortcomings of measuring GDP

The more I learn about Robert Kennedy the more I’m intrigued. It’s becoming clear why the establishment would have been less than thrilled by his ideals.

Reflections on President Obama’s commentary and the U.S. credit rating downgrade

Let me start by stating none of the economic news in the last week concerning the United States is surprising.  A rating downgrade, like jobs or economic growth is a consequence resulting from actions previously taken, not as many appear to suggest, a signal.  The actions of our government and citizenry over the last 5 read more…

President Obama Discusses Credit Downgrade

The president discusses the recent downgrade by the rating agencies.