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http://www.well.com/user/mp/host.html
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
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This blog, which discusses why weak government is wonderful for business, is really an homage to Mancur Olson. Olson explains that government can be pictured as a saucer with a depression in the middle and a rising lip around the edge. In the center we have no government or a government that is so weak it resembles anarchy. This environment... Continue reading
Posted 4 hours ago at Pro Commerce
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The arguments for free trade and its extraordinary benefits were made more than 200 years ago by the handsome economist David Ricardo. Three years from now we can celebrate the 200 anniversary of his publication of the theory of ‘comparative advantage’. Ricardo understood the simple relationship between one person who lives in a banana forest and another person who lives... Continue reading
Posted yesterday at Pro Commerce
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There are two important components in the immigration spectrum. One is the illegal immigrants who cross the border and provide low-cost labor. The other end is the high level and technical part of the spectrum. The special skills labor market currently comes through the H1B visa system. Both of these sources of immigration are important to business. Both of these... Continue reading
Posted 2 days ago at Pro Commerce
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Nearly every country in the world has an hereditary elite. The United States had one up until 1960. The second world war saw the American military give officer rank to everyone who had graduated from college. At the time this was a small percentage of the population but it was a far more democratic cross-section than in most of the... Continue reading
Posted 3 days ago at Pro Commerce
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In an earlier blog I talked about the fact that there is nothing unusual about ordinary Americans and yet I see young Americans in their late 20's walking down the street who are earning $100,000 a year. What shocks me is that these people have no unique talents as Americans whereas there are countries that have entire populations with more... Continue reading
Posted 4 days ago at Pro Commerce
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In an earlier blog I talked about the fact that there is nothing unusual about ordinary Americans and yet I see young Americans in their late 20's walking down the street who are earning $100,000 a year. What shocks me is that these people have no unique talents as Americans whereas there are countries that have entire populations with more... Continue reading
Posted 5 days ago at Pro Commerce
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This is the final part in a 4 part blog series. What is it about business that would allow a large part of the population to believe that raising the minimum wage to $15 an hour, a 40% increase, would not have an adverse impact on business? There are two things that I can identify that would leave people ignorant... Continue reading
Posted 5 days ago at Pro Commerce
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This is part 3 in a 4 part blog series. The proposed San Francisco November ballot measure to raise the minimum wage from $10.72 to $15 will have an effect on virtually everyone who's current wages are under $100,000 as indicated in the last blog. So who are these people and how many are there? How many businesses are going... Continue reading
Posted 6 days ago at Pro Commerce
It could be the best lesson Lefties ever get. The failure of the USSR and Mao's China never made a dent on their idiotology.
Toggle Commented 7 days ago on San Francisco minimum wage part 1 at Pro Commerce
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This is part 2 in a 4 part blog series I am assuming that the first polls to indicate that a $15 minimum wage proposition on the ballot in the coming November election will prevail, will end the steady rise in the price of homes and condos in San Francisco. Furthermore it will begin a decline in the price of... Continue reading
Posted 7 days ago at Pro Commerce
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This is going to be a 4 part blog series . The radicals in San Francisco have joined with the most powerful Union in the city, the SEIU, to put on the November 2014 ballot a proposition making the minimum wage in San Francisco $15 an hour. There are many things about this proposition that relate to the issue of... Continue reading
Posted Apr 16, 2014 at Pro Commerce
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It is the institutions of America that makes everyone prosperous. Americans are not uniquely intelligent, hard working, competent or disciplined. I was watching a group of Americans walking along a retail street in San Francisco recently. My first reaction was that these people are making a lot of money but they lack any specific talents for making a lot of... Continue reading
Posted Apr 15, 2014 at Pro Commerce
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I am a person who has carefully followed Justice Thomas’ history and read his biography. I find Thomas to be the most lucid, most original and most impressive Supreme Court Justice. I am supported in this position my his ruling on gun control in the Washington DC case. He introduced into the discussion of the Second Amendment the idea that... Continue reading
Posted Apr 14, 2014 at Pro Commerce
I agree with you for roughly 30% of our society. However I had a city employee in the water department come to my house to figure outside water usage and she couldn't deal with a triangular part of my lot. Every trades person from carpenter to plumber to roofer requires good math skills including trig and some algebra. Much information about how our world works, in the Wall Street Journal and even in USA Today is presented in numerical form often complex charts. Nobody should be cut out of that.
Toggle Commented Apr 13, 2014 on Raising a child for tomorrow at Pro Commerce
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One of the common subjects of discussions these days is the appropriate education for children that will make them productive citizens in adulthood. One skill is math, but I have discussed that often in the past. I have two pieces of relevant experience. First I spent 15 years in the non-profit educational world supporting every imaginable innovation in education as... Continue reading
Posted Apr 13, 2014 at Pro Commerce
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About 4 years ago I began receiving promotional material for a proposed new magazine about a Jewish review of books. I had long loved the New York Review of Books until it became so filled with Zyklon B ideology ( Jew hate) that I could no longer stomach it. I went ahead and ordered my first subscription to the Jewish... Continue reading
Posted Apr 12, 2014 at Pro Commerce
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I have not met many intelligent Lefty's in my life. The one I remember was so unique. She said: ‘If Lefty's don't like the Second Amendment they should just change it by the amendment process.’ This has recently lead me to think about the question of the Second Amendment. In many discussions the issue of the Second Amendment hinges on... Continue reading
Posted Apr 11, 2014 at Pro Commerce
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I have not met many intelligent Lefty's in my life. The one I remember was so unique. She said: ‘If Lefty's don't like the Second Amendment they should just change it by the amendment process.’ This has recently lead me to think about the question of the Second Amendment. In many discussions the issue of the Second Amendment hinges on... Continue reading
Posted Apr 10, 2014 at Pro Commerce
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I have made many mistakes, in my life, in predicting the future. It is important for me to remember my erroneous predictions. That is how I learn. In 1994 it appeared to me that banking didn't have much of a future other than ATM machines. The reason I said that was that the deposit function appeared to be the only... Continue reading
Posted Apr 10, 2014 at Pro Commerce
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It is ridiculously presumptive of me to write about the subject of old age. I am threescore and 15 years old. There are many people older than I and there are many who are more eloquent in describing the issues of old age then I will ever be. I have mentioned before that the most debilitating effect of old age,... Continue reading
Posted Apr 9, 2014 at Pro Commerce
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Among my friends there has recently been discussion about compassion. I haven't given much thought to this subject for many years. With the help of some Buddhists friends I came to realize that compassion and sympathy are distinct. Sympathy is about identifying with another being; as one would say ‘I can imagine being in their shoes’. That is sympathy. Compassion... Continue reading
Posted Apr 8, 2014 at Pro Commerce
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It is probably rare for most people to hear praises sung for a one room school. When my father was in the Navy in WWII I attended a one room school on the naval base. The school had one teacher and a class of about 30 kids spanning the age range from kindergarten to 8th grade. I actually enjoyed the... Continue reading
Posted Apr 7, 2014 at Pro Commerce
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It is not my intention to be rude. This blog is about a subject that is inherently going to be offensive to people who are active in politics. I apologize in advance because I know that some small percentage of people who are active in politics are honest, decent and responsible human beings. They are a small percentage based on... Continue reading
Posted Apr 6, 2014 at Pro Commerce
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This is a cautionary piece of advice for any couples where one member of the couple is about to go on a significant experiential voyage and leaving the other partner out. I have two examples to offer. I have many more examples from my personal experience. In the first instance I watched a number of stable happy couples where one... Continue reading
Posted Apr 5, 2014 at Pro Commerce
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Greg Mankiw, an economist who is head of the economics department at Harvard, is an economist that I regard highly. He has published two items that I reproduce here. One is an analysis by the Brookings Institute, a liberal think tank, that shows that in the past several decades there has been an improvement in the income at every level... Continue reading
Posted Apr 4, 2014 at Pro Commerce