Humility

by | April 24, 2009 | Articles, Finance, Globalization

Where are we going and when is this interregnum going to end? That’s the question on everyone’s lips. Today I have three scenarios and a coda. Caveat lector: I don’t know which of the scenarios is most likely, but I do endorse the coda as I have few...

Welcome to the New “Adam Smith, Esq.”

by | April 16, 2009 | About the Site, Articles

Welcome to the new, redesigned “Adam Smith, Esq.” The site is now just over five years old, so a fresher, cleaner, crisper look seemed in order. I hope you agree that we may have achieved, or at least advanced, those goals. Although the look may have...

Interest Rates or Collateral?

by | April 14, 2009 | Articles, Finance, Globalization, Leadership

Every once in awhile, a genuinely novel idea comes up in economics, and you would think that given the generally impenetrable, contradictory, and confused commentary emanating from far and wide about our current situation, now might be a propitious time for a truly...

The Balance Sheet Recession

by | April 8, 2009 | Articles, Finance, Globalization

More than ample is the ink that’s been spilled over trying to explain just exactly what we’re going through economically: Is it a bad recession? A near depression? Is it analogous to 1929? Is it analogous to….? Does our salvation lie in monetary...
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