The root causes of World War I have been a source of endless debate and led to the founding of different schools of interpretation by historians. This tendency has been reinforced by the conventional view that the conflict that erupted in 1914 appeared like violent thunderstorm on a cloudless summer day. This interpretation i... More..
Public surveys from time of John F. Kennedy's assassination until the present have revealed an increasing skepticism about the conclusions of the Warren Commission. What accounts for this attitude? Is it American's peculiar fondness for conspiracy theories? A desire to see some purpose of design in event ascribed to the actio... More..
The first thing to understand about the economic phenomena that has come to be called the Great Depression is that there was nothing inevitable about it. Events did not need to turn out as they did. In spite of the fevered attempts of the Neo-Keynesians it is now known that Great Depression was caused by an almost unbelievabl... More..
In 1994 president Clinton signed the Assault Weapons Ban into law. The enactment of this law represented the grand culmination of nearly fifty years of relentless advocacy and lobbying by Gun Control proponents. In 1994, the future seemed very bright indeed for the Gun Control Movement. The dream of the elimination of private... More..
We have learned multiple hard lessons from the Viet Nam War some of which are followed, some less so.On the highest level, the Viet Nam War needs to be viewed as being comprised of three distinct phases: The Kennedy-Johnson Phase, The Nixon-Kissinger Phase, and the post-Watergate phase. In these three phases radically distinc... More..
The commonly understood difference between Angel Investors and Venture Capitalists can be distinguished by the organizational status of investors involved and the stage at which the investor in question puts money into a new enterprise.The stages of investment in a startup venture can be classified as follows: seed funding, f... More..
The Automated Teller Machine, or ATM, had several false starts and had overcome ingrained attitudes in the banking industry before taking and achieving the the universal acceptance that it enjoys today. It was commonly felt in that banking industry that customers "bonded" to individual tellers in a bank branch and that becaus... More..
What is a business worth? Why does the value of a business change over time, sometimes radically such as was seen with some technology companies in recent years? In a knowledge-driven and dominated economy how should intellectual capital and brand identity be valued?The measurement of Capital Expenditures (CAPEX) and Operatin... More..
The origin of the word "finance" has a fascinating history. In this case, as in so many others Aristotle provided a canonical definition of the word over two thousand years ago:"And statesmen as well ought to know these things; for a state is often as much in want of money and of such devices for obtaining it as a household, ... More..
There are any number of books about various aspects of the Central Bank in the United States, The Federal Reserve Bank, but two titles do an outstanding job of providing a thorough understanding of the historical and political currents that lead to the creation of Central Banks and sustain their current practices in United St... More..
Cary Dowalt
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