Financial Markets

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?

It's time to start thinking of the stock market as a giant S&L. Money continues to pour in, despite a bounty of evidence that the extraordinary gains of the last few years cannot be enjoyed in the near future. The perception has never been stronger that the stock market is the right place to be for your long-term investment needs.