Politics
Black swans don’t cause crashes: they reveal them. Mark Thornton shows how easy money breeds “sequestered capital” in opaque assets, priming the next bust.
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Many Americans are convinced that only government can provide useful science since government is supposed to be “neutral,” not corrupted by profit seeking. However,...
Popular views of capitalism and free markets are not shaped by the facts, but rather by anti-capitalist intellectuals and the media.
Ever since the Great Depression, most economists have claimed that the key to increasing economic growth is to lower unemployment. However, increasing the savings...
The Dutch Tulip Bulb Mania of the 1630s continues to fascinate, especially given the recent asset bubbles our economy has experienced. What caused this...
Black swans don’t cause crashes: they reveal them. Mark Thornton shows how easy money breeds “sequestered capital” in opaque assets, priming the next bust.
From September 12, 2001—armed with a simple knowledge of the publicly-available foreign policy history of the 1990s—9/11 was a tragedy, and a terrible crime...