Author Archives: MN Gordon
The Creative Process of Government Destruction
According to Schumpeter, the depression stage is both useful and creative. It brings the economy into equilibrium through forced adjustments. The level setting during the depression then encourages new innovations that take shape in the next stage of recovery. This process, where new and innovative companies destroy the value of established companies, is what Schumpeter called creative destruction. Continue reading
Bondage Is Cruel
Did you know that San Francisco’s recently completed 1.7-mile Central Subway cost $1.95 billion? That amounts to over $217,400 per foot. On a per inch basis, this is over $18,000. Continue reading
Is the Bank Crisis Already Over?
Taking the path of least resistance eventually leads to disastrous places. Like the Alexandria Hotel in Los Angeles, circa 1990s, these are places that are best to be avoided. Still, some people, after consistently choosing the easier and softer way, ended up there, going mad, in their SRO unit. Continue reading
Will You Play It Fast And Loose?
At the point of maximum fear, when the sky is falling, the world is ending, and shares of Bank of America trade below $8, what will you do? Will you play it safe? Or will you play it fast and loose? Continue reading
