Ugly truth: Sometimes, torture works

"Last winter we spent three months in India," John Kenneth Galbraith wrote in 1957.

THE only function of economic forecasting is to make astrology look respectable.(John Kenneth Galbraith)It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any ...

Irrational exuberance anyone? I believe it was John Kenneth Galbraith, a committed Keynesian who famously said the financial memory is "notoriously short." How ironic then that Fed Chairman Ben Bernanke, a fellow Keynesian and Alan Greenspan ...

John Kenneth Galbraith memorably put down his fellow economist Milton Friedman by saying: Milton's misfortune was that his policies had been tried. The same observation might be made of Carmen Reinhart and Kenneth Rogoff. Especially in Europe, ...

If one has been a financial genius, faith in one's genius does not dissolve at once. John Kenneth Galbraith Watching the jobs numbers this week, one is tempted to say told you so with respect to those analysts who are pounding the table for ...

Investor John Hussman has bad news. Corporate profit margins are at an all-time high, and bound to fall, he says. That's going to crush profits and cause the market to drop. He's makes a convincing case with charts and lots of historical data. He ...

A treasure-hunting man, Long John Silver, and a young boy, Jim, will remind anyone of the novel Treasure Island. After Robert Louis Stevenson published the novel in 1883, various theories and rumors spread about whether a treasure island actually ...

In Pt.3 James K. Galbraith and Leo Panitch imagine what a genuinely reform minded US government might do about the economy - Members don't see ads. If you are a member, and you're seeing this appeal, click here Gailbraith and Panitch: Is a New "New ...

The familiar saying used to be, I can afford it, but I don't want it. Conversely, now it's I want it, but I can't afford it. Over the past few days, Ive been studying both liberal and conservative columnists who have been analyzing the reasons for ...