Adobe-do-be-do: Europe Shouldn’t Underestimate US Software Power

Adobe-do-be-do: Europe Shouldn’t Underestimate US Software Power

Adobe is to cut Venezuela off because of US sanctions, showing how vulnerable countries in the ‘line of fire’ are, due to their dependence on American computer software products. We all know about US hard power. We know a lot about US soft power too (think Hollywood, rock-and-roll, and Marvel comics). But there is another…

Central Bankers’ Fatal Conceit: “The Goldilocks Syndrome”

Central Bankers’ Fatal Conceit: “The Goldilocks Syndrome”

Central bankers suffer from what some might call fatal conceit. They actually believe that if they tinker enough, they can come up with a policy that will work “just right.” Maybe we should call it the Goldilocks Syndrome. But the truth is they don’t know. Of course, the Federal Reserve and other central banks have lots…