Financial Markets

The perils of Social Security reform.

The government controls the money it spends.

The public debate on Social Security is wildly off track. 

The most talked-about financial failure of the year is Long-Term Capital Management, an investment partnership (loosely termed a hedge fund) run by Wall Street darling John Meriwether.

A billionaire speculator turns against capitalism.

Austrians deal with a central but overlooked monetary conundrum.

Clinton and friends propose a global lending facility as a prelude to endless bailouts. 

Financial instability and anti-capitalist fallacies about booms and busts. 

 Half of U.S. currency is held overseas. What happens if (when?) it is repatriated?

Should owners or "society" determine how the corporation is managed?