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John Chapman

John Chapman is a retired commodity trader, having headed his own small trading firm for over thirty years. Prior to that he worked in the international division of a large New York bank, managed foreign exchange hedging for a major NY commodity firm, and worked as a silver trader.

Economics, especially money and banking, has been a passion of his since college. In 1990 he took a trip to South America for the express purpose of studying inflation “at its source.” His formal economics credentials consist of half a dozen courses, five of which were as an undergraduate at MIT (where he majored in aeronautical engineering.) He also received an MBA from the University of Arizona.

All Works

Financial Transaction Taxes Are a Terrible Idea

08/13/2021Power & Market
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The Latest Innovation in Inflation Targeting

Money and BanksStrategy


The two-percent inflation goal is now being modified to allow for even higher inflation goals in the short term.

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Don't Slap a New Tax on High-Frequency Trading

Financial MarketsTaxes and SpendingPolitical Theory


High-frequency trading is not the nefarious scheme policymakers would have you believe it is. It serves a real purpose in the marketplace.

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Chasing 2 Percent Inflation: A Really Bad Idea

The FedMoney and BanksMoney and Banking


What is so great about the recently-invented 2-percent goal for inflation? It comes with some serious repercussions.

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