Was It Always This Way?
It wasn't always the case that the world sat around waiting for Fed chairmen to make pronouncements about interest rates and economic conditions. There once was a time when the entire economy wasn't fueled by easy money.
Power & Market
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Mark Spitznagel: At What Price Safety?
The famed investor asks how much we should pay to keep ourselves safe.
Bitcoin Hodling and Gresham’s Law
In 2013, a bitcoiner posted “I AM HODLING” on a bitcoin forum, intending to write that he was holding during a large price drop.
The Fed’s “Special Topics”
This week, Federal Reserve Chair Jerome Powell gave two days worth of testimony before Congress.
As Inflation Rises, the Fed Is Losing the Narrative
Another week, another economic report far worse than expectations.
How “Cultural Distance” Acts as a Barrier to Trade
Studies suggest cultural dissimilarity has a statistically positive and negative influence on the volume of trade flows. That is, people tend to trade with others who are similar to them.
Count Our Blessings, Not Miseries
It is a natural human tendency to focus on our problems, but such a focus has a cost—exaggerating the size of the problems we face relative to the
Economic Calculation under the Fed
When the Federal Reserve or government intervenes in our lives and the free market, it’s normally referred to as “central planning” or “economic pl
It’s Saigon in Afghanistan
That’s US foreign policy in a nutshell: taking money from middle-class Americans and transferring it to the elites of the US military and foreign policy establishment. It’s welfare for the rich.
