How much of our economy is a cost, not a benefit?

How much of our economy is actually just an unnecessary inconvenience? How much of our GDP is a measure of economic activity that actually holds…

The Merchants of Monetary Menace, Act 2: The Recession

For the past six months, they’ve given us a spiel about inflation. But that was only Act 1 of the Merchants of Monetary Menace. And…

This is a crisis of underinvestment, say you

My article “When soaring profits are a bad sign for stocks” triggered plenty of reader mail. I asked whether underinvestment in the future was leading…