Financial Markets

The Fed does not produce work or items of value.

Many still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations, writes Dale Steinre

The insider trading debate traditionally discusses the pros and cons of insider trading and draws a conclusion about the desirability or undesirability of public regulation of insider trading. 

Bank clearinghouse associations provided critical emergency services to their member banks during times of crisis. However, these associations, and the New York City Bank Clearinghouse Association (NYCHA) in particular,

In contemporary economic theory, and especially in macroeconomics, expectations are being given a central place. There is virtually no economic model that does not examine how, within a dynamic perspective,

An entire generation of students has been taught to accept efficient market theory (EMT) as gospel.  They have learned about investing in securities in an academic environment that rejects fundamental analysis. 

The theory of monetary disequilibrium, as espoused by Selgin (1988), White (1989), Horwitz (2000), and others, has been used to justify the issuance of fiduciary media under a system of fractional reserve “free” banking. 

Unfortunately, Peter Bossaerts’ text, The Paradox of Asset Pricing, offers no relief from past use of flawed methodologies. Bossaerts is professor of finance and director of the Laboratory

The winner’s curse was “discovered” in low rates of return on certain types of capital goods acquired in auctions or negotiated acquisitions. 

In this article, the prime concepts are based on the Mises-Hayek theory of the business cycle.  Using this model as the general framework for analysis, additions and modifications are introduced reflecting theoretical advances and current problems