Financial Markets

Displaying 11 - 20 of 841

In the Culture War, Conservatives Turn against Wall Street

Financial Markets

Blog02/12/2021

For conservative populists, Wall Street now is the Washington establishment, indistinguishable from the oligarchs of Silicon Valley; Washington, DC; and the New York Times.

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There's Nothing Wrong with Short Selling

Cronyism and CorporatismFinancial Markets

Blog02/03/2021

Allowing short selling increases the number of people with an incentive to discover valuable information about firms’ prospects by providing an added mechanism to benefit from information that turns out to be negative. This makes markets more responsive and honest.

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Wall Street Outsiders versus the Hedge Funds

Financial Markets

Blog02/02/2021

When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. But there was plenty of talk of "rescue" when hedge funders lost money in the GameStop short squeeze.

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The GameStop Rebels vs. "Too Big to Fail"

Financial Markets

Blog02/02/2021

America has grown accustomed to decades of "too big to fail," which means making sure the Wall Street elite never has to endure any real pain. It's because of this that pundits were quick to claim the GameStop affair was a grave threat to America.

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The ECB Is Playing a Dangerous Game with "Collective Action Clauses" on Bonds

Central BanksFinancial MarketsGlobal Economy

Blog01/29/2021

The ECB is now turning to a new mechanism by which a bond’s value can be legally reduced by the issuer in times of hardship. The purpose is to allow central banks and governments new ways of ripping off the private sector. 

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GameStop, Market Distortions, and Manipulations

The FedFinancial Markets

Blog01/28/2021

With a sound money, none of these distortions would have been possible: the limitations of the currency itself would have forced an unwinding of excessive risk far before it could become a clash between major hedge funds and Reddit trolls.

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Compared to Europe and China, America Is Still a Safe Bet

Financial MarketsU.S. Economy

Blog01/27/2021

There's a lot of excessive optimism about the economy during the next four years in America. However, the US still comes out on top when compared to Europe and China.

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The Fed Won't Save Us from the Growing Jobs Recession

The FedFinancial Markets

Blog12/28/2020

No matter how bleak the economy may be, the Keynesians are likely to say, “It would have been worse without us.” 

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Yes, Privatization Makes Us Better Off

Financial MarketsProperty Rights

Blog12/26/2020

The Left has often claimed that privatization is a neoliberal scam. But actual experience suggests privatization schemes have improved access to goods and services while raising productivity and real incomes. 

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The Problem with Mandatory "Socially Responsible Investing"

Financial MarketsFree MarketsTaxes and Spending

Blog12/23/2020

There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least. 

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