Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
May 26, 2022
As we pause to reflect on the sacrifices of so many for our great country this Memorial Day weekend, we wanted to take a moment to provide our thoughts and perspectives on the recent volatility across the capital markets landscape.
Reality is beginning to set in as Fed sanctioned risk taking is clearly coming to an end. Persistent,...
May 19, 2022
When a phrase of two words becomes famous, it’s not only apt to be truthful but powerfully accurate. “Creative destruction” was first articulated by Austrian economist Joseph Schumpter in 1942. He used the phrase to describe capitalism. It meant any innovation in the manufacturing process which increased productivity. Schumpter intended the...