Tag Archives: Joseph Schumpeter

sign of the times

The Sign Museum in Ohio¬† as sign of the times….The love of looking back but an equal fascination with what Joseph Schumpeter called the creative destruction of capitalism. And if there is anything Americans dislike, its the status-quo, albeit the … Continue reading

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kick sand in their faces

Synthetic credit. Trading a black box. Small is beautiful? Hardly when it comes to banking. In light of JP Morgan’s announced “surprise $2Billion profit bust; soaked and also synthetic red ink, people are naturally worried about contagion and another bank … Continue reading

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bank heist: meltdown on the Mississippi

It is really a case of the greater fool hypothesis. That is, no matter how high the price of something gets whipped up in speculative frenzy, there are always others who are willing to pay for it. The Mississippi Bubble … Continue reading

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school’s out: very blue notes

Its always been acknowledged that there are intrinsic qualities to the study of music. But to go to school and make a career of it has always been a questionable decision. The precarity of employment juxtaposed with the liberty of … Continue reading

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sour grapes

There is a tendency to romanticize the past; to look back to an earlier epoch in America and the elusive “kindler, gentler America” that is referred to in such reverential tones. Truth is, the past was not so idyllic though … Continue reading

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safe harbor for captain broke

Mitt Romney under siege for not having the common touch. For not paying sufficient taxes. For not appearing to have any interest in the poor and their sort. There is a tug of war between what economist Schumpeter termed the … Continue reading

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the too real to be true deal

We seem to be on the verge of a new era of populism, a search for someone to rise up on behalf of the little guy and gal like- Obama was rhetorically pining to do before getting knock-kneed- and defying … Continue reading

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coz andy warhol sez

Are free market solutions the answer to public policy problems? A very divisive question to be sure. Much appears to depend on the degree of income disparity society is willing to tolerate, the level of corporate welfare taxpayers are willing … Continue reading

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degenerate art : fear of the everyday hucksters

Signs of pretense. Pretend art where the sentiments are an elaborate fake far removed from genuine emotion. Something like what Freud called the joke in art in his study of Michelangelo’s Moses but now on a grand, industrial scale of … Continue reading

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muckrakers and culture stakers

The pop culture world. We just have to accept it until it runs its course. And the cycle could be very long until it unravels, like a balance sheet depression or a life long illness or addiction that may take … Continue reading

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