In business there is something called “sunk costs” which refers to funds that have been spent and are unrecoverable. At any given point sunk costs are irrelevant to the decisions going forward. An example of this would be a company that has spent a billion dollars building a plant and now has to choose whether or not to spend another billion dollars hiring staff and | Read More »
Herman Cain’s 9-9-9 tax plan is imperfect, but it’s by far the best plan on the table. As such, criticism of 9-9-9 comes from all quarters. The left is unhappy that its egalitarian nature is the opposite of the progressive tax structure we’ve had for a century. I suspect however that it is not simple tax policy that drives their antipathy, it’s revenge. You don’t | Read More »
The Michael Crichton thriller Rising Sun was published to much fanfare in 1992. Ostensibly a murder mystery, the book was seen by many as a thinly veiled tale of alarm at the Japanese taking over the planet – economically. The book came after a decade of headlines chronicling the rise of the Japanese juggernaut. In 1987 Sony bought CBS Records and in 1989 Columbia Pictures. | Read More »
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