Blog Amphibious
By Adam Richardson - February 2, 2009
You are familiar with Zen koans like "What is the sound of one hand clapping?". They are designed to open up consciousness with paradoxical or impossible questions. Well here's one: Can we have an economy that is not so dependent on rampant consumer spending?
After 9/11, Bush's solution was to exhort consumers to spend more as the way to propel ourselves out of the downturn. Today we are hearing similar advice.
Problem is, people are saving (or at least not spending, which I don't think is quite the same thing) rather than spending.
Blog Amphibious
By Adam Richardson - November 13, 2008
I’ve been mulling for a few days about writing a post about the current sorry state of the US car industry, thinking about the $25 Billion proposed “bail-out”, the crashing sales, and even the crazy proposed merger of GM and Chrysler. But Thomas Friedman at the New York Times has pretty much written it for me, so go ahead and read it.
