Tag Archives: Economics/Finance

National Review on J.K. Galbraith on Unz on Immigration

Just a few days ago prominent liberal economist James K. Galbraith strongly endorsed the economic proposals at the heart of my recent immigration article, arguing they constituted the best chance for reviving the American economy. And now National Review’s leading … Continue reading

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J.K. Galbraith on Unz on Immigration

My lengthy Fall cover article analyzing the politics and economics of immigration issues appears to be receiving a bit of renewed attention in somewhat unexpected quarters. The current issue of establishment-oriented Foreign Policy magazine carries a piece by prominent liberal … Continue reading

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Unz on Immigration III – From Alex Cockburn to Steve Sailer, and Points Between

Eight or nine years ago, when our previous president began engaging in the sort of foreign policy endeavors which eventually reduced his popularity to perhaps the lowest ever recorded (and which have now naturally been continued by his successor), I … Continue reading

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Unz on Immigration – A Five-Part Analysis by National Review

As the now-faltering presidential campaign of erstwhile GOP front-runner Gov. Rick Perry illustrates, the topic of immigration can be deadly for Republicans. The reason is quite simple: the party’s elites and its grassroots have diametrically opposed positions. For the business … Continue reading

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Unz on Immigration – Liberal DC Pundit Denounces Minimum Wage on MSNBC

For many years now, conservatives have denounced the so-called “long march through the institutions,” the process by which left-liberals gained control of universities and the media, and thereby the power to set the terms of our national policy debate on … Continue reading

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Immigration, Republicans, and the End of White America

Immigration, Republicans, and the End of White America by Ron Unz The sources of America’s immigration problems—and a possible solution The American Conservative, October 2011, COVER STORY Will mass immigration destroy the GOP? Can our middle-class society survive high immigration … Continue reading

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Larry Summers and Harvard

As I’ve repeatedly pointed out over the years, during the last decade or so Harvard University had basically become a gigantic hedge-fund, with some sort of little school or whatever attached to one side. For example, I think I once … Continue reading

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A Trillion Here and A Trillion There…

According to an estimate by Bloomberg News released this morning, the sum of the new commitments already made by the federal government in its financial bailout has already reached a total of 8.5 trillion dollars, including loans, investments, guarantees, and other liabilities. Frankly, this … Continue reading

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The Red-and-Black Fund

Since another multi-billion-dollar hedge fund announced on Friday that it had lost almost all its money and was liquidating, I suppose it’s a little too late for me to start my own Red-and-Black Fund, based on some shrewd investment principles I worked out … Continue reading

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One-Fifth?

This morning, Citicorp, previously America’s largest bank, wrote down the value of its security holdings by an additional $22B, following massive multi-billion-dollar write-downs in previous quarters. The total market value of Citicorp has now been cut in half. Merrill Lynch, … Continue reading

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Problems with Privatization

For the last few decades, ideological libertarians have pretty consistently advocated the privatization of major government services, arguing that profit-maximizing incentives of free market competition inherently lead to greater efficiency than government administrative bureaucracy. I’ll admit that during most of this time, I never … Continue reading

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Options and Threats

Last week, I distributed a column reviewing the financial and accounting tricks that have played such a major role in recently erasing some seven trillion dollars of value from our capital markets. This piece generated a great deal of response, … Continue reading

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Taking Stock

“Taking Stock” by Ron Unz The Los Angeles Times, Sunday, August 25th, 2002 PALO ALTO—Regulators looking at how stock options are accounted for have seen cause for concern. I see opportunity. It’s true that when actual expenses don’t appear on an … Continue reading

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Options and Perpetual Motion

Options and Perpetual Motion by Ron Unz Wall Street Journal (Letters), Thursday, August 15, 2002 In his Aug. 8 editorial page commentary, “The Real Value of Options,” Harvey Golub, the former CEO of American Express, argued that the issuance of stock options … Continue reading

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Wealth and Stupidity

Just over twenty years ago, at the dawn of the 1980s, a conservative theorist named George Gilder published a million-copy international best-seller entitled Wealth and Poverty, providing an intellectual case for the superiority of free markets and entrepreneurial capitalism over … Continue reading

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The Fall of Free Market Dogmatism

“The Fall of Free Market Dogmatism” by Ron Unz Unpublished, May 2001 Last week’s warm spring weather brought the return of rolling blackouts to California.  Since electricity demand is still expected to climb 50% over the next three months to its … Continue reading

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Trade Disaster Deferred

Trade Disaster Deferred, by Ron Unz Sacramento Bee, July 9, 1995 HAVING PULLED America back from the brink of a disastrous trade war with the Japanese, the Clinton administration deserves at least faint praise for its last-minute lack of commitment to … Continue reading

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Brown Betrays Her Ignorance of Economics

Brown Betrays Her Ignorance of Economics, by Ron Unz Her ill-conceived plan to boost business is grounded in politics and geared to ‘correctness’ Los Angeles Times, July 28, 1994 Sometimes a single phrase can summarize an entire political philosophy. Early in … Continue reading

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Worker’s Comp: The Big Ripoff

“Worker’s Comp: The Big Ripoff” by Ron Unz San Jose Mercury News, Sunday, July 17, 1994 Hidden taxes represent the deadliest threat to the economic well-being of a society. A clear example is our own state of California, where prosperity … Continue reading

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