What if This Time is Different?
What if This Time is Different?What if, before the world ever heard of coronavirus, every valuation multiple suggested the U.S. stock market was one of the most expensive in history? What if these valuations assumed – and required – continued economic growth, robust increases in company earnings, and sustained and substantial stock buybacks? What if […]
The Bernanke Legacy
With Ben Bernanke’s exit as Chairman of the Federal Reserve, every political physician will opine on his legacy.
There is No Tradeoff Between Inﬂation and Unemployment
Anyone reading the regular Federal Open Market Committee press releases can easily envision Chairman Yellen and the Federal Reserve team at the economic controls, carefully adjusting the economy’s price level and employment numbers.
Why the Wealth Effect Doesn’t Work
Across all ﬁnancial media, between both political parties, and among most mainstream economists, the “wealth effect” is noted, promoted, and touted.
Scenarios for Owning Gold
Gold serves a unique role in investment portfolios, not only as insurance against extreme events, but as a timeless store of value in a world of multiplying paper currency.
Winter is Coming
Fans of HBO’s hit series, Game of Thrones, know well the motto of House Stark: “Winter is Coming.”
End the Fed: an Interview with Dr. Ron Paul
Most mainstream financial pundits view the Federal Reserve as a bastion of economic wisdom and a stalwart protector against inflation, recessions, and economic turmoil. Dr. Paul disagrees.