New Year’s Eve is a crazy time of year. Let’s be safe out there. NO drinking and driving.
There is a new book on Frederick Douglass. To me, Frederick Douglass remains somewhat of a mystery. Personally, I have not done as much reading on Frederick Douglass as I probably should have. I did not know that he took a two-year journey to Ireland right before the great potato famine. Historians have been wondering how this trip influenced his thinking and also what he thought about the treatment of the Irish. Frederick Douglass said, “I am for fair play for the Irishman, the negro, the Chinaman, and or all men of whatever country or clime, and for allowing them to work out their own destiny without outside interference.” I need to do more reading.
There’s been much hyperventilating over declining oil prices. In my opinion, the guy who’s written most thoughtfully on the economy over the last 10-15 years is Bill McBride of Calculated Risk Blog. He simply finds the facts and interprets them in a way that almost everyone should be able to understand. He seems to resist the flair for the overly dramatic or overly partisan. Earlier this week he wrote, “There will be winners and losers with the decline in oil prices, however, since the US is a large net importer of oil (despite the myth reported by some in the media), overall the decline in oil prices should be a positive for the economy.” McBride believes this is all a problem with supply and demand. I think he’s probably right.