Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—12/20/10—In the first week of this month, investors decided that the municipal bonds in their portfolios were a pile of overvalued junk. So they sold…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—12/6/10—Americans are suffering from a severe case of schadenfreude. Many of us are beginning to enjoy the plight of the jobless, the homeless and the disadvantaged.…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—11/22/10—Sixty-four years after his death, J.M. Keynes remains the world’s most relevant economist. His central insight is, of course, the fallacy of thrift. That is, a private…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—11/8/10—Everyone talks about the “moral hazard” of forgiving mortgage debt. Forgive debt this time and getting overindebted becomes a bad habit, encouraging irresponsibility. Possibly, but the idea…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—10/25/10—Practically everyone who is anyone is now saying something about the core of the economic problem: the increasing inequality of incomes in the US and…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—10/11/10—The country has an M&M problem. Bank reserves, called high M (high-powered money), have ballooned, but the amount of currency and checkable deposits, called regular M, has…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—9/27/10—No I’m not about to reprise the famous Abbott & Costello skit of the 1940’s. But the situation is certainly farcical. It is the long-running fight between…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—9/13/10—There is a lot of nonsense in the press about the need to get the government out of the housing market. Of course, without government,…

Dolors & Sense by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—8/30/10—On TV, there is a doctor named “House,” who cures all ills. In the economic world, virtually all ills are caused by House. The kind you live…

Dolors & Sense   by Sanford Rose KISSIMMEE, FL—(Weekly Hubris)—8/16/10—The distribution of income affects its amount. It used to be thought that the effect was positive. But of late the thinking has reversed.…