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Financial MarketsMoney and BanksMoney and Banking
The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.
Financial MarketsMoney and Banks
The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.
Bureaucracy and RegulationCorporate Welfare
Elon Musk uses corporate welfare and "public-private partnerships" to create the false impression he is an actual entrepreneur.
Global EconomyMoney and BanksMoney and Banking
Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.
Money and BanksMoney and Banking
Assessing cryptocurrencies through a framework of "saleableness" may help us understand why some cryptocurrencies are chosen for speculation above others.
Financial MarketsGlobal EconomyMoney and Banks
It is not easy to change the failed policies of the Kirchner era without recognizing the enormous monetary and fiscal hole created by the previous administration.
Booms and BustsFinancial MarketsMoney and Banks
Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.
We need an Army of “Hazlitts ” today: men and women of courage and wisdom, who are unafraid to speak and write the truth.