Author Archives: Stan

The drawbacks of efficiency

As a manufacturing manager in two distinctly separate industries, I learned the value of predictable processes, economy of resource allocation, division of labor and other elements of getting the best possible products created in the least possible time at the … Continue reading

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Predictions

I threw a rock or two in recent weeks at so-called “professional forecasters” and other self-proclaimed experts who will be offering projections for the months and years to come. Their batting average is undeniably rotten, but I feel morally bound … Continue reading

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Toothless soothsayers

Most economic theorists who got their doctorate in the subject apply arcane, complex and (to the average citizen) incomprehensible formulae to the study of what is happening, and what will happen in any given economy. One could argue that their … Continue reading

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The end of cheap food

“It all goes back to the dirt.” That’s one of my fundamental premises of economic theory, built from a nontraditional study of business and trade. Every commercial interaction can trace its existence to the ground, sooner or later. The raw … Continue reading

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