Robert Mugabe, President (Dictator?) of Zimbabwe does not suffer from a shortage of education. In the 1950s, 60s and 70s he earned no less than seven degrees. These are not honorary degrees of which he has many, though some have since been revoked. Mugabe has three Bachelors degrees, in Economics, Education, and History and Literature. [...]
Here a link to an op-ed piece I did for this week’s Farmers Journal on Credit Problems and the Japanese Experience in case anybody is interested. The key lesson from Japan, in my opinion, is that low interest rates and fiscal expansion do not work in the absence of a well capitalised banking sector.
Here is a very interesting article about a failed hot-dog vendor in New York. He missed rent payments on his license to sell hot-dogs from a cart on the steps outside the Metropolitan Museum of Art. What’s so interesting about this? Well his annual rent was $642,696!!! Hot dog heartache has come to the Metropolitan [...]