Archive for May, 2011

  • Guest Post: Mountebank Wins Nobel for Infinite Planet Theory (Humor)

    May 29th, 2011 by Rob Dietz

    Few people have read the dense volumes published by the economist Milton Mountebank, but his work has affected you, me and every single person on the planet. Dr. Mountebank has revolutionized economic thought, and now he has been recognized for his singular efforts. Yesterday at a gala reception in Stockholm, Sweden, the chairman of Sveriges Riksbank, Peter Norborg, presented Dr. Mountebank >> Read more

  • “US Debt Default Would Be a Moral Disaster”

    May 22nd, 2011 by John Fullerton

    So declared JPMorgan CEO Jamie Dimon regarding the prospect of a US default on its debt, after which he received a standing ovation at the University of Colorado’s Denver School of Business. Hmm…Let’s do a little press review – the following items quoted from recent news articles:

    • JPMorgan Chase recently lost a class-action lawsuit >> Read more
  • The $4 Billion Pen

    May 15th, 2011 by John Fullerton

    Matt Taibbi’s “The People vs. Goldman Sachs” which appeared in Rolling Stone this week is a good and damning piece.  In his latest attack on Goldman (“the Vampire Squid”), Taibbi likens the scathing 650 page bipartisan Levin-Coburn report on >> Read more

  • Values-Based & Value Investing: The Coming Confluence

    May 12th, 2011 by Peter Kinder

    Note: On May 4, I offered these thoughts (edited somewhat) on a panel on the concept of socially responsible investing. It was part of a First Affirmative Financial Network Base Camp on >> Read more

  • Guest Post: Not Production, Not Consumption, but Transformation

    May 9th, 2011 by Herman Daly

    Well-established words can be misleading. In economics “production and consumption” are such common terms that it is easy to forget that they do not really mean what they literally say. Physically we do not produce anything; we just use energy to rearrange matter into a more useful form. Production really means transformation of what is already here. Likewise, consumption merely >> Read more

  • “No Compound Growth is Sustainable”

    May 1st, 2011 by John Fullerton

    “The fact is that no compound growth is sustainable.  If we maintain our desperate focus on growth, we will run out of everything and crash.  We must substitute qualitative growth for quantitative growth.”  –  Jeremy Grantham, GMO Quarterly Letter

    That sounds like something you’ve heard before at Capital Institute!   But >> Read more