Politics
The question is not whether a politician’s intention is good. The market does not care about intentions. It responds to incentives.
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The notion that AI can take over an economy is fantasy. A market economy is not made up of competing algorithms but rather sets...
The boom-bust cycle is not a mystery. Understanding why requires grappling honestly with what the last fifty years produced.
What looks like market strength may be a delayed reckoning. Mark Thornton explains the signals, the Fed’s playbook, and where the next bust is...
The question is not whether a politician’s intention is good. The market does not care about intentions. It responds to incentives.
“The number of Fed policymakers willing to consider an interest rate hike rose … as higher gas prices stemming from the Iran war threatened...
This war is not just making energy more expensive, it’s knocking out the higher order goods the global structure of production depends on. This...