Net profit rates are an important driver in the business cycle. Net profit rate = corporate profit rate – Fed rate According to the equation, the basic cost of money should be less than the profit return on money. The key is to have a positive, stable and moderate net profit rate. So if the […]

It has been said, “a picture is worth a thousand words.” Forms of this phraseology can be traced back to 1911 with newspaper editor Tess Flanders discussing journalism and publicity. A Piqua, Ohio company (“Piqua Auto Supply House”) also used a form of it in an advertisement. I consulted in Piqua in the eighties. A […]

Is there really any doubt about who wrote this statement?  And good for her. ___ UPDATE: Ah. Back to normal. What a relief. Added 8/8 at 8:08 p.m.

I mean it.  Good.

Virtually nobody outside of legal circles and academia questioned the appropriateness or outrageousness of Comey’s comments. One academic legal blogger, Stetson University College of Law professor Ellen Podgor, noted that most FBI investigations with no indictments don’t issue public statements; that the FBI’s investigation was one-sided; that Comey cited hypotheticals without facts; that his accusations […]

I don’t understand why some high-profile liberals are saying that the Supreme Court is becoming a liberal Court, although I guess that if you think the end-all-and-be-all of Supreme Court jurisprudence is culture-wars cases, then the two end-of-term culture-wars opinions that went liberal, and the gay marriage case last term, is all the proof you […]

I can’t even think of something funny to say about this.  I mean, what could top that?

by Mike Kimel Clinton’s Judgment Via the Washington Post, this quote from the NY Times: Mrs. Clinton say she may decide to retain Ms. Lynch, the nation’s first black woman to be attorney general, who took office in April 2015. The Post article goes on: about the appearance of impropriety: Lynch remains the person responsible […]

The data in this post was updated from errors. Correct data below. As net profit rates rise in the aggregate, pressures for firms to raise prices to cover opportunity costs of capital decrease. So why is inflation in Japan so low? Have net profit rates increased there since the 1980’s? Let’s take a quick look. […]