Financial Markets

Displaying 1 - 10 of 842

No, Dogecoin Does Not Compete with Bitcoin

Financial MarketsMoney and Banking

Blog04/24/2021

Medium of exchange and store of value are very different products.

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The Feds Are Pushing Pension Funds toward "Socially Responsible Investing"

Financial Markets

Blog04/06/2021

Federal regulators are claiming "socially responsible investing" can be just as good as traditional investing in terms of gaining returns for retired workers. But if that's true there's no need for regulations pushing these investments at all.

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The Economics and Ethics of Government Default, Part III

Financial MarketsTaxes and SpendingPolitical Theory

It's time to default on the national debt. It's the moral thing to do. We often speak of the problems with the effects of the debt. But the debt itself is an abuse and an imposition on taxpayers. 

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How a Small Rise in Bond Yields May Create a Financial Crisis

Financial Markets

Blog03/18/2021

The risk of a financial crisis does not come from rising bond yields. The risk of a financial crisis was created by lowering bond yields to unrealistic and unjustifiable levels in the first place.

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Why Is Economic Journalism So Bad?

Economic PolicyFinancial MarketsU.S. EconomyMonetary TheoryMoney and Banking

Blog03/16/2021

The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.

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Commercial Real Estate: Too Much Debt, Not Enough Assets

Financial MarketsU.S. Economy

Blog03/13/2021

It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert to the precovid economy. But indications are that commercial real estate will take lumps, some that will be fatal. 

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How the Fed's Inflation Is Driving Stock Buybacks

Financial Markets

Blog03/13/2021

An explosion in the money supply has driven many corporate managers to turn to stock buybacks as a safe alternative to holding on to depreciating cash. This means many companies are decapitalizing.

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Playing Games with Stocks

Corporate WelfareCronyism and CorporatismFinancial Markets

Blog03/04/2021

The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available.

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When Is Short Selling Fraudulent?

Financial Markets

Blog02/24/2021

Shorting more than the total outstanding shares isn’t perverse or fraudulent, whereas naked short selling—depending on the context—might be.

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Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality"

Bureaucracy and RegulationFinancial MarketsPaternalismPlanning

Blog02/16/2021

Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.

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