Category Archives: In the News

Are rules and duties sufficient?

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Deontology, which is the view that ethics and morality should be based on rules and duties, is the viewpoint that dominates a lot of conservative Christian and political thought, and it has been the focus of the last several posts in this series. [1] In its many forms and interpretations, deontology has long held a central role in ethical theory…. Read more »

Doing stupid stuff with the economy

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President Obama’s foreign policy doctrine was famously characterized as “Don’t do stupid s— (stuff).” I won’t weigh in here on the current president’s foreign policy, but I can assert that his economic policy has clearly veered into “stupid stuff” territory. I spent the better part of twenty years in the academic publishing business attending far too many meetings of professors… Read more »

“God language,” fundamentalism and Trump

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My take on the link between Christian fundamentalism and Donald Trump is different from both many of his most avid supporters as well his strongest opponents. In short, just like I think we do in discussing Islamic-attributed terror, we give too much credit to “religion” and not enough to “God language” itself, apart from religion. Humans need to communicate. Our… Read more »

Seeing past Vern Buchanan’s nose

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My Florida congressman, Vern Buchanan, sends out these inane email surveys almost every week, which always ask one question in a way that screams, “Answer this way!” A recent one, for instance, was designed to get constituents to say that congressional salaries are too high. Which is really rich, because Vern Buchanan is, uh, really rich. As one of the… Read more »

How SHOULD you tax a corporation?

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In two recent posts [1] I have criticized the methods by which the state and federal governments tax corporations and how they treat the state-granted limited liability privileges. In this post I will make some proposals as to how best to tax corporations and limited liability companies given their ubiquity in the economy and international nature. While I disagree with… Read more »

Trump real estate finance #4 – What’s at risk?

In the prior post in this series, I looked at where the likely differential between Trump’s self-proclaimed net worth of $10 billion and Forbes’ $3.1 billion estimate came from. In this last post in this series (for now) I want to take a harder look at the Forbes valuation. Skip to the “Trump Businesses at Risk” section at the end… Read more »

Trump real estate finance #3 – valuation baloney

The prior two parts of this series of posts have looked at my take on the basic Donald Trump real estate investment strategy and on his likely issues with collateral. In this and the next posts, I want to take a look at the basic issue of “valuation,” that is, “How much is Trump worth?” First up, we need to… Read more »

Trump real estate finance #2 – the collateral

A brief Twitter flurry recently has been pondering the reason for the odd-looking sale of storage units between different Trump Organization entities for the price of zero dollars. The most-likely reason: Collateral management. An appropriate subtitle for this post is “What does Eric Trump do all day?” In an earlier post I laid out the most-likely basic financial strategy and… Read more »