Christopher Mayer

Chris is the editor and founder of Capital & Crisis and Mayer’s Special Situations. He is also the author of Invest Like a Dealmaker and World Right Side Up.

Articles

Free Market Christopher Mayer

It has been said that the stock market is not an actuarial table. The same can be said of the bond market. Rather than an infallible guide to the future, the bond market embodies the best guesses, hopes, dreams, and fears of many investors. Hence, the bond market can be fallible and, in fact, has been so—in spectacular fashion—in the past.

Free Market Christopher Mayer

Garet Garrett wrote in 1932, "Mass delusions are not rare. They salt the human story." Indeed, mass delusions are no more apparent than in the realm of public policy and especially in the faith people have in their government to carry out functions designed to promote the public good. How else to describe the persistent belief that government is a good steward of resources of any kind?