This past week - on January 29th to be exact - Bill Dudley, Goldman Sachs' former chief economist, the former president of the Federal Reserve Bank of New York and now a visiting 'scholar' at Princeton's economic department, dismissed the notion Federal Reserve policy was behind the stock market's relentless advance.  In an interview with Bloomberg, Dudley said, "The notion that the Fed's

In last week's blog post, we discussed the virtue signaling latent in Microsoft's declaration that it would soon be not only carbon neutral, but carbon negative.  Microsoft's entire reason for existing is computers and computers inhale electricity.  For Microsoft then to make much of its carbon neutrality when it is in an industry that completely relies on prodigious amounts of electr

This week - and to much fanfare - Microsoft announced they would not only be 'carbon neutral,' they would be carbon negative.  Carbon in this case means CO₂, and Microsoft was claiming that eventually their operations would take more CO₂ out of the air than they put in.  Last I checked, Microsoft made software so I am not exactly sure how software will spontaneou

Anyone who has simply leafed through a modern economics textbook is struck by the large number of formulas and graphs.  Certainly, all the great economists of the past - Adam Smith, David Ricardo, Carl Menger, Eugen Bohm von Bawerk, Benjamin Anderson and Wilhelm Ropke - would be dumbstruck by the mathematical density of a modern economic textbook.  These men always considered economic

Over the past several weeks, several 'myths' surrounding the Great Depression have been debunked.  These myths are;