I imagined an ancient Keynesius etching a formula like C+I+G+X=Y in stone.
Mark A. Pribonic
Mark A. Pribonic is an adjunct instructor in economics and a trader for a financial institution.
Latest work
Why do some deaths garner presidential visits and — more importantly — taxpayer dollars for rebuilding and memorializing, while others do not?
As the president signs the trillion-dollar stimulus package into law, financial networks are abuzz with investment pundits speculating on what companies will benefit, and thus what stocks should be purchased. Such analysis makes an error of causality commonly found in equities research. It assumes a direct correlation between business activity and stock prices.