Suppose there is some Grand Project that several people want funded. They have a few basic ways of doing this.  They could: Fund the Grand Project themselves, from money they have on hand. Try to persuade more and more people to support the Project. Take out a loan to fund the Grand Project Attract investors […]

“Business Roundtable Redefines the Purpose of a Corporation to Promote ‘An Economy That Serves All Americans’ ” was the headline of a statement put out recently by this “association of chief executive officers of America’s leading companies.”   The statement went on to say: Since 1978, Business Roundtable has periodically issued Principles of Corporate Governance. Each […]

As I write this,  protests continue to escalate in Hong Kong, protests widely described as “pro-democracy.”  At the same time there are also reports of a build up of Chinese People’s Liberation Army forced nearby. What should the U.S. do?  Should we do nothing, say nothing, with a policy of total non-interference?   Should we make […]

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