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In Defense of Capitalism

Two Contradictory Thoughts About Elections

in FP: Latest/In Defense of Capitalism

The election is over.  I am left with two very contradictory feelings.  First is the one of appreciation – every four years we peacefully replace our government. I remember my parents in the late 1970s discussing Soviet politics at our house with their close friend.  Their friend said something anti-Soviet.  I vividly remember the fear…

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QE2 Is Not Only a Mistake, “It’s Criminal”

in 5 Minutes of Fame/FP: Latest/In Defense of Capitalism

Of course, there are many critics of the Fed who say the second round of quantitative easing is wrong and even harmful. “The failure of QE2 doesn’t worry me. It’s the success that worries me,” says Vitaliy Katsenelson of Investment Management Associates. “I think it’s criminal,” he tells Aaron in the accompanying clip. “They’re forcing…

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Bad Decisions Were Ours

in In Defense of Capitalism

Don’t compound them with bailout for mortgage ‘victims’ The housing bubble that was fueled by multidecade low interest rates priced many people out of their dream homes. But instead of settling for less or renting, people went after their American dream with a vengeance – taking out adjustable-rate, interest-only or, even worse, negative-amortization loans. Good…

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Anti-Social Investing

in In Defense of Capitalism

We live in the society where, to our detriment, being politically correct is often more important than being correct. So I am going to come out and make a politically incorrect statement – social investing is an oxymoron. There is nothing social about investing. Investing is not about making popular, socially approved choices. It is…

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