The Next Bubble

One of the great hallmarks of a capitalist economy is successful competition.  Build a better mousetrap and the world beats a path to your door.  Theoretically, that’s how capitalism works. It’s survival of the fittest. Darwinian economics. You have to adapt to changing conditions and always make a better product if you want to successfully [...]

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Madoff Conviction Sends Shudders Through the Financial Industry

A hour ago Bernard Madoff pled guilty to what has been described as the largest Ponzi scheme in history.  Is seems that Mr. Madoff bilked quite a few people out of billions of dollars by telling them that he had a secret way of beating the market.  He always paid dividends that were much higher [...]

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What We Need Now Is a Good Ponzi Scheme

It is fashionable in economic and government circles to condemn the tactics of tricksters like Charles Ponzi, a man who made a fortune by using new investors’ money to pay old investors their expected returns on their investments.  The most recent person to become famous in this way is Bernie Madoff, who is thought to [...]

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The Iraqi Shoe Thrower – An Iraqi Hero or a World Hero?

Bush, Cheney, Paulson, Rumsfeld, and now Madoff…the list could go on and on.  For far too many years Americans and the world have sat back and watched as these men and others have proved, time and again, that they lack a moral compass.  Most recently it was announced that Bernard Madoff bilked investors out of [...]

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