Page 14 - Andy Kessler News Today

Andy Kessler, who had a long career in finance before joining the Journal as a columnist, wrote on Monday that a number of reasons could have led to the banks collapse.

Both banks and consumers have less incentive to be cautious with their money if they can plausibly assume that the government will step in and save them from any mistakes.

Silicon Valley Bank had an A rating for its Environmental, Social and Governance policies as it increased diversity and invested in sustainability startups.

If you were thinking that SVB collapsed because of greed or deregulation, conservatives are quick to blame the one Black and LGBTQ+ members of the bank's board.

Republicans like Florida Gov. Ron DeSantis, Rep. James Comer and Rep. Marjorie Taylor Greene are blaming "woke banks" without any evidence.

Veronique de Rugy: Congress is funding favors for friends and political supporters over voters and public needs.

Milton Friedman’s shareholder doctrine is dead.” Such was the headline of a 2020 Fortune magazine article critiquing Friedman’s famous New York Times opinion piece which, fifty years earlier, had argued that the social responsibility of business is to increase its profits.

Eric Hoffer (1902–1983), an often-quoted American philosopher and Presidential Medal of Freedom recipient, famously observed, “Up to now, America has not been a good milieu for the rise of a

 

The decline of work when you slack off and withhold your human capital, you steal from everyone. among other things they say work has become a dirty word. we increase productivity and wealthy by having workers figure out how to could more with less from the bottom up. so, please, stop paying people not to work. the best antipoverty program is a job because a jobs value comes from this increase in human capital unfortunately, there are a lot of people who just dont want to work you want your chil...