Thursday, October 13, 2011

Quick Hits

-The argument for higher taxes on upper income folks is a morality tale, not an economic one. But, in fairness, the proposal could be way more punitive (think FDR and retained earnings). Nevertheless, while it might satisfy people to do something, I don't think it would ultimately improve the general state of the economy.

-With the first two weeks of the NBA season cancelled, and more games in peril, sports has done little to catch my attention lately.

-The volatility in the real estate market that used to create great buying opportunities (think early 90s) is probably gonna be harder to come by -- credit that to the institutionalization and commoditization of the asset class.

Broken Money

The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...