Financial Markets

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Andrew Moran

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

Robert Blumen

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

Andrew Moran

Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim.

Mark Thornton

The average American has no memory of the gold standard or even the stagflation of the 1970s. The collective mindset is now the classic “kick the can down the road.”