UBI - That Radical Right-Wing Idea?

UBI – That Radical Right-Wing Idea?

By The Banker | Blog Posts, Inequality, Taxes, Texas

Last week’s post — on a poverty eradication experiment in Africa of giving no-strings-attached cash — was a bit of a Trojan horse for this week: UBI is the idea of granting all adults a small amount of income, for life. UBI is having a moment right now. Finland launched an experiment in 2017 to address joblessness with […]

Cash Rather Than Good Intentions

Cash Rather Than Good Intentions

By The Banker | Blog Posts, Inequality, Texas

Here’s a radical thesis about the best way to eliminate poverty: Give money. Don’t give stuff. Also, don’t give conditional money, either, expecting the recipient to do something you want them to do. I’m intrigued by an international charity called GiveDirectly which puts this radical thesis to the test. I understand this “just money, no […]

Platinum Partners And How To Spot A Fraud

Platinum Partners And How To Spot A Fraud

By The Banker | Blog Posts, How Not To Invest, Investing, Wall Street

Police arrested seven executives connected to the $1+ billion hedge fund Platinum Partners in late December, for fraud. The charges against them include overvaluing assets and a Ponzi-like practice of paying departing investors with new investors’ money. Platinum Partners reminds me of lesson number one on spotting financial fraud: If an investment fund never, ever, […]

Book Review: Dark Age Ahead by Jane Jacobs

Book Review: Dark Age Ahead by Jane Jacobs

By The Banker | Book Reviews, Inequality

I judged this book by the arresting title Dark Age Ahead, and decided that – in my current frame of mind – I had to read it.1 Jane Jacobs wrote this is 2004, and the book has a bit of the feel of a time capsule – as her current events examples stem from 2001 to 2002. Jacobs’ strength […]

Look Back Look Forward - New Years Resolutions

Look Back Look Forward – New Years Resolutions

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Texas, Wall Street

It’s January, the month named for Janus the two-faced Roman God who looked both backward to the past and forward to the future. Looking back over 2016, I realized that I learned about three types of investment accounts, each of which – depending on your phase of life – might make for a nice New […]