The advance estimate of U.S. third quarter GDP was released this morning, indicating that the economy grew at 2 percent. Third quarter growth was driven by private consumption and government defense consumption. Investment expenditures were […]
Read moreHow to become a Billionaire By Bill Ackman Hedge fund manager Bill Ackman has produced an interesting lecture on finance and investing. It can be found at www.floatinguniversity.com. It is one of twelve lectures on […]
Read moreThe world’s horse population is estimated to not exceed 65 million, while the world’s population of people is estimated at 7.05 billion. We have at least 108 people for every horse. It wasn’t always thus. […]
Read moreI began my career as an economics professor (actually, assistant professor) at the Claremont Graduate School (now Claremont Graduate University). In 1980, I joined with three colleagues at the Claremont Men’s College (now Claremont McKenna […]
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