Principles of “Values” Investing

The following represents the outline of a speech given to the Acton Institute's university symposium, held each June in Grand Rapids, Michigan. The symposium features nearly 1,000 people from dozens of countries around the globe who come together to advance their understanding of liberty economics within the context of a Biblical anthropology and worldview. I have been honored to be a faculty member of the university for several years now and focused my talk this year on the controversial … [Read more...]

Christmas in June

I do not believe it is necessary to impugn President Obama's motives about this catastrophically stupid idea of randomly forgiving massive amounts of student loan debt (and since there is no collateral, and the universities have been paid, this "forgiveness" is called "a transfer of payments" - and guess who the payer is - YOU!). Be that as it may, I believe Obama actually thinks he's helping these people. The need of the hour is a pro-growth economic agenda that would actually see them get … [Read more...]

All the Presidents Bankers

The far left, wild conspiracy crowd, Occupy Wall Street folks (the three of them remaining), and those who find Elizabeth Warren intelligent all should have a new best friend in Nomi Prins, whose new book, All the President's Bankers, has put ink to page on the strangest narrative of the 20th century one will find anywhere: That rather than being a remarkable century of technological advances, growth of market capitalism, improvement in quality of human life, and expansion of overall wealth, the … [Read more...]

Double Down a Fascinating Inside Look at an Embarrassing Election

I was hesitant to take on the 475-page behemoth from Halperin and Heilemann when it arrived. I had pretty much left the misery of the 2012 campaign (and subsequent election results) in the past, and the degree of backlog I am suffering from right now in my reading list was not motivating me to take on this work (the book right before this was Geithner's 550-page Stress Test and the one right after this is Prin's 425-page All the President's Bankers, which I should finish today). But I took on … [Read more...]

Geithner’s Stress Test Does Nothing to Relieve My Stress

I have been looking forward to reading the memoirs of Secretary Geithner ever since he left office. I am not a fan of the Secretary's, but the core of my dislike for his work as Treasury Secretary is very different than the most oft-cited reasons for folks' disdain. He is an intelligent guy, and no doubt was driven throughout 2007 and 2008 (thinking back to his time at the NY Fed) by an intense desire to right the ship of what was America's economic catastrophe. I hoped his book would provide … [Read more...]