Earlier today I was talking with Donald Grimes, an economist at the University of Michigan, and we got to playing around with some data from the Bureau of Economic Analysis. He was making the argument that a lot of the things in the stimulus bill meant to help people whose livelihoods are threatened—things like extending [...]
Values is a very fashionable word here at Davos this week. A lot of people seem to agree with Tony Blair’s assessment that the current financial crisis is the result of a neglect of ethical and moral values in the financial world. Bill Gates doesn’t. “I don’t think the failure was fundamentally an ethical failure,” [...]
Tony Blair says he recently ran into an old friend from his leftie university days.”Ah, I told you,” his friend said. “I told you capitalism is going to end.” Blair doesn’t buy it. “The free enterprise system as a whole has not failed,” he says. “The financial system has failed. … We’ve been taught a [...]
