Vast Landscape of Vanity

What is truly frightening about some of the people who run for president is the vast landscape that is their vanity and the dense depths of their stupidity. I don’t know which would be more of a headache, being the public relations advisor to Tiger Woods and Lindsay Lohan or being a campaign advisor to [Read More…]

Moral Hazard: A Wall Street Review

There’s a lot of talk in Wall Street: Money Never Sleeps about moral hazard. Economist Paul Krugman defines moral hazard as “any situation in which one person makes the decision about how much risk to take while someone else bears the cost if things go badly.” The sub-prime mortgage crisis was a moral hazard. The [Read More…]