Monthly Archives: December 2015

Flirting with Credit Card Disaster—-Again

It was said of the Bourbon kings that they “learned nothing and forgot nothing.” Millions of Americans, who lived through the horrors of the market meltdown of 2008 that was accompanied by a spike in credit card defaults, apparently have learned nothing. That’s because many of them are running up huge credit card debts, That’s…

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The Failures of a “Government Enterprise” A periodic series on government trying to run businesses at

The Anniversary No One Celebrates in New York: Generations of Transit Disaster—-the New York City Subways, Part 3. The End of Private Management Companies Decades of price controls combined with the Great Depression were hard on the New York City subway system as we have seen in the first two segments of this series. And,…

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