Yesterday, OnlineSchools.org posted an article called “100 Best Twitter Feeds for Your Financial Intelligence.” The article highlights the many Twitter feeds out there that discuss finance, economics, business, entrepreneurship and other financial-minded topics, and provides a list of their top 100 picks to get you started. And out of the 100 chosen, John’s feed (@johnrutledge) made the list! Check out the article to find other great financial Twitter Thinkers to follow and to see their description of John’s feed!

You can now listen to one of John’s recent speeches online! Check out the audio of John’s March 11, 2009 speech at UC Berkeley’s Information School by downloading the file or listening to it through your browser.

Titled “Lessons from a Road Warrior,” his speech delves deeper into the science behind his Thermo-Economics framework and talks about how that framework, in conjunction with other fields such as network theory and neuropsychology, relate to today’s economy. The mp3 file contains the full speech and following Q&A period, and runs about 1 hour and 22 minutes long.

For additional media files, you can also visit our Press Materials page in the Resources section. You can also read more about Berkeley’s Information School and the groundbreaking research they’re doing there at their website.

(May 16, 2009) Yesterday I woke up a lot earlier than I like (that would be noon) to do the Fox Business 8AM Money for Breakfast show with Alexis Glick. Our assignment was to review the impact of recent government policies on the economy. It was set up as a debate with me squaring off against Christie Hefner (yes, that Hefner). Fun stuff. Here are a couple of the things we discussed.

JOBS- Government policies are destroying jobs, not creating them. The Treasury alphabet programs (TARP, TARF, BARF, TALF, ALPO, WALDO, DILDO,…) should have been titled the Hedge Fund Relief Act. They have set up a situation where banks can make tons of money by selling bales of certain kinds of paper to hedge funds who will make 30% returns on the paper. Banks have responded by ordering their troops to shut down all other activities, including small business loans, personal credit lines, home equity lines and jumbo mortgages.

Memo to Geithner (the Doogie Howser of finance): ALL JOBS come from small businesses. The shutdown of business credit lines is forcing small businesses to fire people. We get heart-breaking calls from these people every Saturday noon-2PM on our FBN entrepreneur show. You can measure the impact of the working capital shutdown in the weekly new unemployment claims reports (+637,000 last week) and the monthly job reports (-539,000 in April). You can also measure the loan activity directly in the chart below.

Change in Business Loans From One Year Earlier

Change in Business Loans From One Year Earlier

DUMB.
MARKET REG/PAY CAPS- Watch out folks; here come the price controls. Regulating derivatives and hedge funds is like trying to herd bullfrogs into a wheelbarrow. They will simply register in a different jurisdiction (CAYMAN,…).
Most dangerous, though, is Obama’s recent venturing into price controls. There is no surer way to screw up job growth than to have the government set prices. First it was executive salaries of companies feeding at the government trough, then compensation systems for the entire financial sector. Then, last week, the entire healthcare industry at a White House photo opp to announce ‘voluntary restraint.’ I have seen that movie before, first under Ford, then under Carter. It is a bad movie.
PRICE CONTROLS DO NOT WORK, they destroy jobs and reduce output. The reason is simple. The economy is a vast, parallel processing information network that transmits information about what is scarce and what is plentiful, what people want and what they don’t want, to the people who need the information to make decisions. Market economies use a symbol we call price to carry that information to the right people, solving the problem that von Mises and Hayek referred to as the division of knowledge. No person is smart enough or well-informed enough to make those decisions from the top.
JR

Tomorrow I will guest host the Fox Business noon show with Cheryl Casone and Tom Sullivan.

I will join Rebecca, Cody and Erik on Happy Hour tomorrow to talk about the stock market, China and North Korea.

Tomorrow I will join Cheryl Casone and Tom Sullivan on the Fox Business noon show for the full hour to try and make sense out of the tsunami of weird stuff coming out of Washington this week. Be there, or else!

Our new Fox Business entrepreneur hour will be on 1-2PM EST. We will tell you the story of our young (4 year old) viewer who got a patent on his idea after watching last week’s show. Hope to have him on the show live.

This weekend I will be on Forbes on Fox 11AM EST Saturday.

And will be on Fox Business Huckabee show too. Hoping to play in the band at the end of the show if I can get to Sam Ash and buy a ukulele before then.

JR

I will be on Fox Business Happy Hour tomorrow (Friday) 5-6PM EST with Rebecca, Cody and Erik.

I made Dateline Washington interview today with Greg Corombos. You can listen to the podcast by clicking on the following link, Dr. John Rutledge on the Markets, the Obama Economic Plan and More. Enjoy.

JR

I did an interview the other day with Andy Roth at the Club for Growth about my recent visit to North Korea. You can listen to the Podcast by clicking here.
JR