Thank you, Rollie Sullivan

Rollie Sullivan You never know when you will meet someone special.  I met a man in 2009 who would affect my life profoundly and I didn’t even know it at the time. Rollie Sullivan held the John and Elizabeth Myers Endowed Chair in Management at St. John’s University from 1983 to 1990.  Before that, he spent 45 years at First Bank Systems and was an adjunct professor at the University of … [Read more...]

Merrick Garland, Peter Diamond, and blocking Obama’s nominations

Merrick Garland The kerfuffle around President Obama’s nomination of Merrick Garland to the Supreme Court reminds me of the same scuffle that’s been going on for the past eight years about the Federal Reserve.  Let me explain. The Board of Governors of the Federal Reserve runs the nation’s central bank and sets American monetary policy.  According to the Federal Reserve Act, “The Board of … [Read more...]

March Madness and the Economics of College Athletics

Source: Flikr Creative Commons I just read a nice article on the economic impact of March Madness by Simon Ogus. He goes through the effects on host cities, the TV revenue generated, and the money that flows to schools, conferences and the NCAA. I’m a strong believer in separating big-time athletics from colleges and universities. I used to be ambivalent, but that was before I read Taylor … [Read more...]