Three years ago, Dilbert creator Scott Adams wrote one of my favorite-ever op-eds.
The piece, titled “How to Tax the Rich” provided a number of crazy (and many unconstitutional) solutions for solving our country’s economic problems.
The premise of his op-ed was to brainstorm policy reform by starting with “the bad version”—a trick Hollywood writers use when they have writer’s block. The ideas is that if you can brainstorm a number of solutions that are bad, you (1) get your creative juices flowing, but more importantly, (2) set a solution boundary by acknowledging the limits of what won’t work. Continue reading →
Peter Thiel tends to be best known as an investor and entrepreneur. He is a co-founder of PayPal and the first investor in Facebook, both of which have made him wealthy and well-known.
I tend to be more interested in Peter Thiel for his regular and careful analysis of economic and technology trends. Though Thiel is a self-described conservative libertarian and Ron Paul supporter, his analysis tends to be more nuanced and thoughtful than a lot of people give it credit for.
Two weeks ago he gave a fascinating talk at the DLD 2013 Conference entitled “Developing the Developed World”. Thiel’s analysis mostly centers on the prospects for economic growth in the foreseeable future. His analysis takes into account both the instability related to our recent economic crisis, as well as the prospect that much of the growth that previously drove our economy may have been an historical anomaly. Continue reading →
While investors are salivating over the Web’s hottest start-ups, Warren E. Buffett of Berkshire Hathaway, long reticent of technology companies, has no plans to take the plunge into the social networking space.
“It’s not my game,” he said in an interview with DealBook at the Allen & Company conference here. “The world is changing, and I’m lagging behind.”
Mr. Buffett said he was not exactly sure what to make of the multibillion-dollar valuations of Facebook, Groupon, Zynga, LinkedIn and the like.
“A few of them will be worth enormous amounts,” he said. But “I don’t know which ones.”
Nassim Taleb’s Financial Times op-ed recommends 10 fixes to our economy
Last week in the Financial Times, Nassim Taleb published an op-ed entitled, “Ten principles for a Black Swan-proof world.” In it, Taleb lays out a number of major economic reforms we could make to limit the likelihood of catastrophic risk in the future (expanded upon in the full FT article):
When Media “Experts” Assist in Ruining Our Economy, Why Aren’t They Fired?
Yesterday I wrote about a depressing appearance by Nouriel Roubini and Nassim Taleb on CNBC, where the show’s hosts were demonstrably incapable of engaging in a serious discussion about the structural problems in our economy. A few days ago, I also wrote about how one of the problems with our current economic crisis is that we aren’t making a point of holding financial leaders accountable for harming our economy.