Congress is not capable of using Economics to improve pubic policy; only identity politics and voters matter.
Introduction: “Essential workers who continue to go to work while the virus is actively spreading in the population risk exposing themselves and their families to the virus. This reality has led to various proposals to provide these essential workers with “hazard pay”, as recently called for by Senator Mitt Romney, among others. The goal of this memo … Continue reading Essential Workers Exposed to Virus at the Job Location
The word “corporation” has become a pejorative in American politics, particularly among a segment of the population seen holding signs, declaring objections to corporations, and urging certain political candidates to fix that. Their anger and more importantly, their lack of definition of the problem seems to leave no alternative but to shut down corporations! These people do … Continue reading Corporations ARE The Wealth of America
The word “capital” when used by economists, investors or accountants can be tricky. The word itself has a single use. It is defined as the money invested in a business and used to finance the assets used by the business to produce goods and services for sale. From an accounting perspective, a balance sheet contains … Continue reading Explaining the word “Capital” in Business
Early in my life an adult who was to become instrumental to my career suggested that advertisements for medicines were really about selling the illness! I am not certain how old I was at the time, but I was in elementary school. I have thought about that thesis more than a few times. It played a role … Continue reading How to think About What a Business is