Beware of markets with too much cash chasing too few good deals

Michael Giberson What does experimental economics have to say about asset market bubbles? Virginia Postrel provides an excellent (brief, readable, substantive) overview and interpretation in the December 2008 issue of the Atlantic. … More Beware of markets with too much cash chasing too few good deals

Notes on “energy czar”; a reading recommendation for the “car czar”

Michael Giberson “Energy czar” is a term with a pedigree in the United States, being applied at least as early as December 1973 to William E. Simon, who Nixon appointed to head the Federal Energy Administration. The Time article in the link observes that Simon was advocating a 50 mph national speed limit and a … More Notes on “energy czar”; a reading recommendation for the “car czar”More Notes on “energy czar”; a reading recommendation for the “car czar”

Czar talk

Michael Giberson What is with all of the czar talk? Most prominently in the news: “House Speaker Nancy Pelosi touted the notion of a ‘car czar’ Tuesday to supervise an auto industry bailout, saying Big Three executives haven’t adapted well to changing conditions,” reports the Associated Press. Who wants a czar? I believe the appropriate … More Czar talkMore Czar talk