Personal Savings Collapse
A former Fed chairman explains how the stock-market bubble has changed American values for the worse. Gregory Bresiger reports.
A former Fed chairman explains how the stock-market bubble has changed American values for the worse. Gregory Bresiger reports.
If millions of mutual investors should stampede out of their holdings, would they cause a "mutual fund death spiral"? Under the Investment Company Act, the SEC is authorized to suspend the redemption obligation.
He has succeeded in misleading almost everyone into accepting a bizarre and idiosyncratic view of the business cycle, writes Joseph Salerno.
Section 31 (a), a remnant of the New Deal that hits every stock trade, rakes in billions of play money for the government. Yet they call it a fee, not a tax.
What was his crime? To bring consumers oil, he violated laws that should not exist in the first place. Clinton was right to pardon him.
Real "credit crunch" is threatening on the horizon, writes Hans Sennholz, and it could gravely encumber the American economy.
Cheer up. A drop in stock prices doesn't destroy wealth, say Robert Murphy and Gene Callahan. It only reveals a change in the marketability of one line of production against another.
The slip in stock prices has unleashed hysterical calls for massive goverment intervention. William Anderson suggests a better solution: laissez-faire.
Forget Modern Portfolio Theory: investing in stocks is just like investing in a business, says Frank Shostak.
The Austrian Theory has come under fire; Gene Callahan responds in defense.