James Scott

One of the major problems with capitalism is that the profit motive often leads individuals and companies to do things they know are wrong.

The easiest example is a company that dumps toxic waste into the river because that is the cheapest option - as long as nobody finds out about it.

Another example is a health insurance company that does everything possible to deny claims in order to collect money without paying for the services promised.

Many fishing companies know they are threatening th… Continue

It has been difficult to look at my investment portfolio the past few years. It is hard to contribute money while seeing my overall number going down each month.

Now my investment portfolio is growing again. The market has done really well the past few months which rewards people like me who are heavily invested in stocks.

Hopefully the rally will continue. I know there is a correction in store at some point (and maybe we are seeing it now with the recent weakness), but overall, I think we wil… Continue

Doesn't a global currency make sense?

We have a global economy. People, goods, and services are exchanged around the world. Why shouldn't we have a unifromed way to value these exchanges?

I read a report about how some countires use macroeconomic policies to manage the value of their currency. Do we really want countries to be "managing" the value of their currency in a global market?

I want my exchanges of value to be based on what the real or at least perceived value is. Not based on what t… Continue

I just read an article about how European companies are looking for cheap labor in America. The basic premise of the article was that since the dollar has weakened so much compared to the Euro, labor is now much cheaper in the United States for European companies. The difference in the exchange rate also works the other way when Americans travel to Europe and discover that everything costs 20 - 30% more.

This got me thinking and a little worried because almost all of my investment port

… Continue