The November Choice: An election of historic proportions.

By: imperfectamerica (Diary)  |  August 13th at 05:36 AM  | 

As I think about the election in November, I can’t help but think about Matt Ridley and his outstanding book “The Rational Optimist – How Prosperity Evolves”. In it he chronicles the evolution of human society and demonstrates a perfect understanding of why nations fail: “Empires, indeed governments generally, tend to be good things at first and bad things the longer they last. First they | Read More »

A very basic primer on deciding between Romney and Obama in November

By: imperfectamerica (Diary)  |  June 4th at 05:43 AM  | 

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 »