Monthly Archives: March, 2009
Ancient Rome’s Great Depression
Lawrence Reed, president of the Foundation for Economic Education, has a very educational and informative article on Ancient Rome’s economy, spending increases, depression and subsequent fall. Although we highly recommend reading it in its entirety, we will quote the historical aspects here: In the waning years of the Roman republic, a rogue named Clodius ran [...]
Fools Being Dumb Agents – Recap
Almost exactly three months ago we issued a challenge (with minor caveats) regarding Motley Fool’s CAPS, a website where investors and potential investors can gather to rate stocks. Being proponents of the Dumb Agent Theory, we thought this would be a good chance to see it at work. So we recorded the stock prices of [...]
Take that, Protectionism!
If it isn’t enough to hear it from us, hear it from Thomas Friedman, in the New York Times: “All you need to do is grant visas to two million Indians, Chinese and Koreans,” said Shekhar Gupta, editor of The Indian Express newspaper. “We will buy up all the subprime homes. We will work 18 [...]
The Causes of the downturn
Fraser Nelson of the Spectator posted an excellent idea: an inquiry into the cause of the “2008 recession” to be answered by readers. The causes of this downturn will no doubt be discussed for years and possibly decades to come. We are still arguing about the causes and consequences of the Great Depression, which shows [...]
