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Expert witness in nearly all areas of business: finance, marketing, management, compensation, ethics...Author of 11 books on money and commerce
Interests: Licensed Pilot Single Engine Sailor Skier Welder Chinese Martial Arts student Motorcycles
Recent Activity
Why has commerce thrived in the U.S. for 170 years and why did it thrive in England and Northern Europe for the 80 years prior to WWI? Modern commerce requires four elements to thrive. Meritocracy, diversity, openness and markets. ‘Markets’ is not in my blog title because it is assumed in the meaning of commerce. But most people don’t understand... Continue reading
Posted 2 hours ago at Pro Commerce
I visited the Cahokia capital city on the east bank of the Mississippi recently. The museum is well funded, excellent dioramas and outstanding collections of artifacts. The site includes dozens of tall mounds including the major central mound around 90 ft. tall. It looks like the Aztec pyramids I saw in Eastern Guatemala. The site was nearly empty on a... Continue reading
Posted yesterday at Pro Commerce
I recently went to St. Louis for the wedding of a young friend of mine. While there I went across the Mississippi to see the 1000 year old Cahokia capital which will be the next blog and drove around St. Louis extensively. Also took an helicopter ride. St. Louis looks like Detroit. You can drive several miles in the inner... Continue reading
Posted 2 days ago at Pro Commerce
Leftism is a grim future. Most of the industrial world has been facing a population decline. The reproductive rate for nearly all developed countries is below the 2.1 level needed for sustained population. Many countries are in the 1.2 to 1.4 range meaning rapid population decline. Here is a table that compares three different sources. The data for Japan is... Continue reading
Posted 3 days ago at Pro Commerce
Preachers in the black community are much revered. When they wear bling, gaudy clothes and drive pimped-up cars, their parishioners are supportive. Why? Barack Obama gives speeches when he wants to enact policy in the U.S. He talks about his policy in half a dozen speeches around the country. He does this for everything. When he wants to raise taxes... Continue reading
Posted 4 days ago at Pro Commerce
Back in the days when I was the manager of a black church, I had a good friend, Jackson, in his late 20’s, who was an ex-felon. He committed a new crime because he wanted to go back to prison. We never talked about his desire to go back to prison. Most of what Jackson was doing, while out of... Continue reading
Posted 5 days ago at Pro Commerce
I became aware of the uses of quinine in my graduate student research on the economic history of Africa. Every European explorer in the 19th century used quinine to protect against and treat malaria. Quinine comes from the bark of the cinchona tree. An overdose of quinine is called cinchonism. I recently learned from a friend, Roger H., who was... Continue reading
Posted 6 days ago at Pro Commerce
There are four attributes of commerce that resemble the Darwinian aspects of nature. The first is the creation of the modern commercial income distribution. As I have calculated on an earlier blog commerce generates one billionaire per million workers. That resembles a Darwinian world with one giant sequoia for every million bushes. The second is that for life to grow,... Continue reading
Posted 7 days ago at Pro Commerce
My son and several friends have moved away from San Francisco. Has San Francisco changed? Moving away from San Francisco is not new. All my friends in public school left the City when they grew up. The reason was best explained by my good friend Catherine who said San Francisco was a calderon where people come to find out who... Continue reading
Posted Oct 5, 2015 at Pro Commerce
This is the most exciting presidential primary in my life. New ideas, new issues. Of course I’m talking about the Republican primary. The Democrats have nothing new and they haven’t during my adult lifetime. What have the Republicans introduced into the American national debate? First was the issue of anchor babies. Mothers coming to the U.S. for a short time... Continue reading
Posted Oct 4, 2015 at Pro Commerce
There are two aspects of torque that affect daily life that I want to comment on. The first deals with my Army specialty dating from the early 1960’s. I was in a railway repair unit. (No railroads in Vietnam.) None of my fellow enlistee reservists were interest in our railroad training during summer camp. It was a time to drink... Continue reading
Posted Oct 3, 2015 at Pro Commerce
Read this article that I got from my essential friend Alex. It suggests that we have been in period of cheap and abundant labor for two decades and that that has come to an end. I love grandiose theories. I was attracted to Marx at age 12, to Freud at 14 and Wesley Mitchell at 18. I still love grandiose... Continue reading
Posted Oct 2, 2015 at Pro Commerce
I’ve advanced my own idea of the reason for the almost global obesity issue. I argue that the Darwinian competition at the retail food shelf has increased the appeal of fattening food to the point that they are individually tailored and irresistible. I have broadened my view to include every explanation that is circulating. I accept them all. I now... Continue reading
Posted Oct 1, 2015 at Pro Commerce
The question is not ‘is Europe dead?’ the question is ‘How much damage this moldy-smelly zombie can do to the rest of the world?’ When you look at the European antitrust racket and the general European hate commerce ideology. the answer is: ‘Europe is doing real damage to the rest of the world of commerce.’ The EU hassled Microsoft for... Continue reading
Posted Sep 30, 2015 at Pro Commerce
I have long speculated that the divisiveness and anger of the Democrat Party is the reason for the no-growth recovery from the 2008 financial recession. The reason for this speculation is the optimism associated with starting new businesses that is thwarted by the Democrat anti-commerce ideology.. Economic growth and vigor require a large number of new business formations and the... Continue reading
Posted Sep 29, 2015 at Pro Commerce
We live in the most unusual economic period in history. Never before have we or any people in the world lived with a ‘real interest rate’ of zero for 7 years. Real interest is an economic concept introduced by Abba Lerner at the same time he gave meaning to Keynesianism in 1943. His real interest rate deals with the type... Continue reading
Posted Sep 28, 2015 at Pro Commerce
Franko's experience matches mine.
Toggle Commented Sep 27, 2015 on How fragile is modern commerce? at Pro Commerce
1 reply
I have, on regular occasions, expressed my view that primates only learn before they become adults. The onset of adulthood is the end of an open mind capable of change, new insight. Human adulthood onset is age 23. Based on examining my thousands of friends I estimate that only 1 out of 200 people is capable of new thought after... Continue reading
Posted Sep 27, 2015 at Pro Commerce
We are in a the middle of a mass hysteria. There is no spokesman to say the simple thing that needs to be said. 'Strong socialist, fascist and communist governments in the last century killed tens of millions of kind, loving, productive and wonderful people. A strong centralized government is a horror that we must never allow to gain power... Continue reading
Posted Sep 26, 2015 at Pro Commerce
You just awakened me from the mass hysteria. That is where we are right now... in a mass hysteria. Nobody is saying it. I will do a blog tomorrow on the subject.
Toggle Commented Sep 26, 2015 on How fragile is modern commerce? at Pro Commerce
1 reply
I have two elements in my explanation. 1) Most people, 199 out of 200 have primate minds that are hard boiled at their age 23 worldview, despite great riches later in life. 2) The hereditary elite class in the U.S. did pass along elite, protect the golden goose values; but they disappeared in 1960. Their disappearance created the most vital commercial growth in world history. But brought along the people who fail to protect the forces that created this growth.
Toggle Commented Sep 25, 2015 on How fragile is modern commerce? at Pro Commerce
1 reply
When the Iron Curtain came down it was quickly discovered that the USSR never accepted the MAD, Mutually Assured Destruction, doctrine that had guided the U.S. nuclear strategy for 35 years. The MAD doctrine focused on the use of a second strike capability. If the USSR or China used a first strike to attempt destruction of the U.S. then a... Continue reading
Posted Sep 25, 2015 at Pro Commerce
A few blogs back I considered the possibility that the great 150 year era of modern commerce is coming to an end as the world and the U.S. succumb to Lefty anti-commerce ideology. Here I want to consider the resilience of modern commerce and the possibility the the era may have a greater lifespan. I have to use nations as... Continue reading
Posted Sep 24, 2015 at Pro Commerce
The U.S. Chamber of Commerce recently took a political stand that I strongly reject. The Chamber came out in defense of the right of businesses to operate robocalls to cellphones. Robocalls intrude on millions for the benefit of dozens. Bad ratio. This reminds me of the AOPA (private pilots) position on an issue that favored private pilots in the Orange... Continue reading
Posted Sep 23, 2015 at Pro Commerce
There was an article in Commentary Magazine on the subject of the End of Art. I read it. Never understood a word. It was convoluted and said nothing that I could recognize as coherent. I liked the title. I’m actually talking about the end of art of the kind that is displayed in museums, galleries, concert halls and theater. There... Continue reading
Posted Sep 22, 2015 at Pro Commerce