hard heads soft hearts

a scratch pad for half-formed thoughts by a liberal political junkie who's nobody special. ''Hard Heads, Soft Hearts'' is the title of a book by Princeton economist Alan Blinder, and tends to be a favorite motto of neoliberals, especially liberal economists.

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Friday, June 14, 2002
andrew tobias, treasurer of the DNC (whatever that
implies), and author of "the only investment guide
you'll ever need", writes a daily column at

well worth a visit and a link.

In fact Tobias recently linked to two superb analyses
on Enron & the Stock market, which I have been
evangelizing for everywhere and which I think everyone
interested in such issues should read.

in addition, just to sweeten the pot, in his "books"
section Tobias has the entire text of "Extraordinary
popular delusions and the madness of crowds"

The first article is Congressional testimony on Enron
by James Kynikos, head of a billion dollar
short-selling firm:

tobias's article on Kynikos:

direct link to Kynikos's testimony:

The second is a speech by Vanguard's John Bogle
on problems with current stock market and what to do
about it. Tobias calls it "very possibly the most
important financial statement of the new century"

Tobias's article on Bogle:


direct link to Bogle's speech: