Financial Markets

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Ludwig von Mises

"Different people and the same people at different times value the same objective facts in a different way."

Bill Kauffman

The failed attempt to pass an anti-child-labor amendment in the 1920s offers some fascinating insights into the Progressive ideology of the time.

Robert P. Murphy
An optimist says the glass is half full. A pessimist its half empty. And a Vox writer says if you drink 60 glasses in the next hour, it’ll kill you.
Daniel Lacalle
The Japanese growth miracle was built on a massive debt bubble. China presents many similarities in its economic model.
A search for a refuge from modern fiat currencies has led many investors to the perceived safety of art by the Old Masters.
Daniel Lacalle
China has added more debt in the first nine months of 2017 than the US, Japan and the EU combined.