Financial Markets
Why Shareholders Are Better Than Corporate “Stakeholders”
Business schools now often tell students that shareholders are socially irresponsible by seeking only profit and ignoring the “stakeholders in the community.” But in practice, owners must be respectful of many outside groups (such as employees and vendors), to be profitable.
Price Discovery — The Forgotten Enemy of Bubbles
The F.A. Hayek Lecture, sponsored by Dr. Rafael Perez-Mera.
David Stockman: Against Crony Capitalism, Part 2
David Stockman: Against Crony Capitalism, Part 1
The Fed and the Filthy Rich: An Interview with Mark Thornton
Interviewed by host Phil Pepin, Mark Thornton discusses the fed’s rol
Margin Debt At All Time High
Not only are stock markets near all time highs, the amount of margin debt is also at all time highs. Margin debt is money borrowed to leverage the purchasing power of portfolios.