Plenty has been written about financial transaction taxes (FTTs), mostly arguing over the politically charged issue of who pays: Main Street or Wall Street. Largely absent from the conversation have...
John Chapman
John Chapman is a retired commodity trader, having headed his own small trading firm for over thirty years. Prior to that he worked in the international division of a large New York bank, managed foreign exchange hedging for a major NY commodity firm, and worked as a silver trader.
Economics, especially money and banking, has been a passion of his since college. In 1990 he took a trip to South America for the express purpose of studying inflation “at its source.” His formal economics credentials consist of half a dozen courses, five of which were as an undergraduate at MIT (where he majored in aeronautical engineering.) He also received an MBA from the University of Arizona.
Latest work
In 2016, I wrote a piece at mises.org highly critical of inflation targeting. At that time the idea of a 2% inflation target was fast becoming mainstream. Since then it has become a routine yardstick...
Demonizing the financial industry has proven to be a political winner. Exposure of the evil banks was followed by Michael Lewis's exposé of the markets in Flash Boys. The markets are rigged, we are...
