August 11, 2026

Book Review | Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown by Wiedemer, Wiedemer, and Spitzer

I can’t recall who exactly recommended this to me when I first picked this up back in 2010 or 2011, but I do recall the cautionary note that they took as they described it and the author’s conclusions. The global recession had begun four years earlier, since which time I had just barely been able […]

From the WSJ: “The Magnitude of the Mess We’re In.”

Suppose you were offered the job of Treasury secretary a few months from now. Would you accept?

Hitting the Limit: A Financial Argument for Limiting Government [Contributor]

Tyler Lees is a conservative engineer and train nerd from Midvale, Utah.You can follow him on Twitter as @ThePacificSlope. After he and I discussed on Twitter the necessity of establishing priorities for government in order to cut spending, I invited Tyler to share his view on the topic in a format longer than Twitter’s 140 characters. The following are his thoughts.

I believe that there is a practical limit to how big government can get, irrespective of ideological points of view. Let me explain. [cont…]

What does Econ 101 teach us about UTOPIA?

The original 11 cities include Tremonton, Perry, Brigham City, Layton, Centerville, West Valley City, Murray, Midvale, Lindon, Orem and Payson. Together, they will pay nearly $13 million next year to service the agency’s bonds. With the reduction in sales-tax revenues due to the slow economy, some cities have begun to raise property taxes to keep their municipal services whole while making UTOPIA payments.

There’s still no light at the end of UTOPIA’s tunnel. Maybe it’s time to quit digging. [cont…]

John Dougall for Utah State Auditor

Growing up the oldest of eleven, it’s no surprise that John Dougall has a frugal streak to him. In fact, it’s more than a campaign slogan, says his sister Julie.

In fact, family legend has it that John has worn the same shoes since his mission, she says. “they are so old, they’ve come back in style… Since they are quite beat up, he just wears them like house slippers, but he still wears them, all the time.”

When the government picks winners, the applicants might already be losers

Maybe it’s time to choose leaders who won’t keep “picking winners” by subsidizing private businesses and using government to compete with the market? Even the Chinese can make a city look good by pouring enough money into it. Just look at the Olympics. That doesn’t mean the economy will do better because of it.

Government subsidies equal corporate welfare. It doesn’t matter if you’re in Washington, D.C. or West Valley City, it’s the same thing. Whether it’s Solyndra or UTOPIA, the more a company shells out to get onto the public assistance, the less likely it would perform well in the market. Spending more money on campaign donations and lobbying might be correllated. [cont…]

Austerity? Europe never even got there.

This shouldn’t be a debate over “raising taxes” and the “cutting taxes.” Rather, it should be about government spending less so that the tax burden on business is not so heavy. The way to growth is to make it easier, and cheaper, for businesses to grow, there by putting more money into the pockets of individuals to spend. You can’t with one hand run up big surpluses and with the other hand raise taxes or print more money. The result is a net loss, especially to those who can afford to save less.