The Petrodollar-Saudi Axis Is Why Washington Hates Iran
The Ponzi game known as selling US government debt is nearing its end. The seller is running out of suckers.
Financial Markets
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Short-Term Market Volatility Is Not Entirely Random
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.
Short-Term Market Volatility Is Not Entirely Random
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.
Government Intervention into International Currency Exchange Rates: Japan as a Case Study
Most government intervention into currency exchange rates create more problems than they solve. Japan's lost decades are a prime example of what can happen.
Short-Term Market Volatility Is Not Entirely Random
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.
New York City Subways: The Woes of Socialist Enterprises
New York City’s subways have become a nightmare, with rampant crime, delays, derailments, and poorly capitalized. This is a gift from "backdoor socialism."
New York City Subways: The Woes of Socialist Enterprises
New York City’s subways have become a nightmare, with rampant crime, delays, derailments, and poorly capitalized. This is a gift from "backdoor socialism."
Central Banks Have Been Hedging Rampant Regulation. Will This End Now?
The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state.
Central Banks Have Been Hedging Rampant Regulation. Will This End Now?
The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state.
Profits Are Not Random. They’re How Entrepreneurs Help Allocate Resources Efficiently.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
