Articles by James V. DeLong

The Battle Over Drug Safety and Preemption

Two recent pronouncements represent contrasting views on pharmaceutical safety. John Calfee of the American Enterprise Institute writes about the continuing problem that the FDA is pressured toward over-caution and suppression of useful drugs, often on the basis of Read More

I Think We Better Think It Out Again

I favored the bailout proposal, on the grounds that the alternative is too risky and I am a 'fraidy cat. But I admit to admiration for the people who are standing up to say "No -- there is too much to... Read More

Avoiding National Suicide out of Schadenfreude

Let us stipulate that saving the financial system will indeed have the effect of saving many of the financial institutions and their operators. In the current mood of the nation and the press, this is regarded as a bad thing.... Read More

China Syndrome

Two recent books strongly advise the U.S. investor to bet part of his/her portfolio on the continuing development of China. Co-author of From Wall Street to the Great Wall: How Investors Can Profit from China's Booming Economy, is Burton... Read More

Everything Old Is New Again (So Let's Get It Right This Time)

Arguments over net neutrality and other issues of access to telecom facilities roil the FCC and the press; the European Union is after Microsoft (again) and other U.S. companies; railroads and shippers are at their usual loggerheads; several firms... Read More

Google the Destroyer

From its beginning, Google has been charged with grandiloquence for its corporate mission statement: "to organize the world's information and make it universally accessible and useful." More recently, the infosphere has gotten concerned that the grandiloquence is Read More

The World Is Round: How to Think About Foreign Investment in the US

The "world is flat" as an image for globalization is 180o askew. The essence of the contemporary world is its circularity, its roundness, as in "what goes around comes around." This recognition of rotundity provides the necessary context for... Read More

The World Is Round: How to Think About Foreign Investment in the US

The "world is flat" as an image for globalization is 180o askew. The essence of the contemporary world is its circularity, its roundness, as in "what goes around comes around." This recognition of rotundity provides the necessary context for... Read More

The World Is Round: Globalization and Foreing Investment

The "world is flat" as an image for globalization is 180o askew. The essence of the contemporary world is its circularity, its roundness, as in "what goes around comes around." This recognition of rotundity provides the necessary context for... Read More

The Equities of Private Equity

Congress is debating whether to increase the tax rate paid by the managers of private equity funds. The immediate contest is whether these rewards should be taxed as ordinary income rather than capital gains, a rather arcane topic to be... Read More

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