Federal Government & Agencies
Bigger Pie Forum believes the Federal Government has over extended its regulatory reach across the American economy resulting in underperformance. BPF highlights and seeks answers to the lacking dynamism necessary to produce the prosperity Mississippians need and deserve.
Featured Work
Poof Goes the Big Bond Bubble
Jim Grant, noted market historian and publisher of “Grant’s Interest Rate Observer,” has gone so far as to say that 2022 will be the worst year for bonds in the history of the English-speaking people. That is a long time – around 1500 years!
BPF Book Review: “Three Days at Camp David”
“How a Secret Meeting in 1971 Transformed the Global Economy” by Jeffrey Garten.
What happens when the President of the United States brings the smartest guys in D.C. to join him at Camp David for a three-day weekend?
Black Swans and Mudberg
The 1927 Mississippi River Flood was what probability expert Nassim Taleb calls a Black Swan event. Europeans once thought all swans were white. Then black swans were discovered in Australia. The Black Swan metaphor describes rare, unforeseeable, high-impact events — that seem foreseeable after they happen.
Whistling Past Mudberg
In 1950, the Corps of Engineers told Congress that when the Mississippi River is high, part of it flows down the Atchafalaya River at the juncture of an old river bed — and that it would all flow that way by 1975. That would be a catastrophe for people, cities, and plants at and below Baton Rouge on the Mississippi and in the Atchafalaya basin and for the nation’s river commerce and national security.
Blissful Ignorance vs Mistakes of Omission
“The biggest mistakes are mistakes of omission, not commission. It’s the things you knew enough to do — they were within your circle of competence — and you were sucking your thumb. Those are the ones that hurt.” — Warren Buffett, University of Georgia, 2001
Clogged Arteries and Rivers
Clogged arteries cause heart attacks. Clogged rivers cause floods. If plaque clogs your widowmaker artery and you don’t get a stent, you may have a serious heart attack. The Mississippi River is the country’s main transportation artery. It’s vital to our economy and national security. It is clogged with plaque. It needs a stent.
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