An economist is lucky if his or her work stands the test of time and remains relevant decades after first being published. Robert Mundell, the 1999 Nobel laureate in economics, is extremely fortunate: His work is actually more respected and…
Are numerous, lengthy lawsuits against industries going too far?
Is it good or bad for a society when people are able to sue each other with abandon? That question came to mind when U.S. Attorney General Janet Reno said recently that the U.S. government is going to sue tobacco…
U.S. industries need to remember the foreign customer is always right
“Pardon me, do you have any real Dijon?” Rather than a romantic gaze, that question is eliciting howls of pain from French mustard lovers in the United States ever since the U.S. imposed punitive tariffs on imports from Europe of…
Greenspan’s oral circumvention is cerebral fribble
Alan Greenspan, the speaker at Thursday night’s Minnesota Meeting, is a past master Fed-Speak, a language in which many complex words are used to say as little as possible. Indeed, he frequently acknowledges this skill. He once told a congressman,…