There is one bright light in free-enterprise capitalism: India.
In the past couple of years, these companies have been popular and beaten the market, as investors searched for higher yields in a low-interest-rate environment.
The Economist magazine rightly calls French professor Thomas Piketty the new Marx, although a watered-down version.
“Global warming” is being blamed for every conceivable natural disaster, but average temperatures have shown little change in the past two decades.
I contend that Gross Output (GO) is better than Gross Domestic Product (GDP) in measuring the economy. GO is an attempt to measure spending at all stages of production.
The editors of the Wall Street Journal gave me top billing in yesterday’s op-ed page: “At Last, a Better Economic Measure.”