The information technology revolution of the last 25 years is not “scale neutral.” In other words, it does not affect big and small companies equally. In fact, this wave of technological innovation probably helps small organizations proportionately more than it…
Some myths about the boomer effect
The media are saturated with stories about the impending retirement of the baby boom generation. Given that the first boomers turn 60 this year, such stories are timely and describe an important phenomenon. More than 80 million people will reach…
Railroad loan challenges Republican identity
It is easier for a political party to maintain a coherent economic philosophy when it is a minority than when it is in power. Nothing illustrates this better than federal subsidies for the Dakota, Minnesota and Eastern Railroad. The issue…
Inverted yield curve: Threat or just a blip?
The curve is inverted, the curve is inverted. The yield curve finally inverted last week, at least slightly. The New Year will show whether that occurrence was a trivial blip or a reliable warning. As economic indicators go, the yield…