From the Cato Institute: High Frequency Trading (HFT) is a form of algorithmic trading where firms use high-speed market data and analytics to look for short term supply and demand trading opportunities that often are the product of predictable behavioral or mechanical characteristics of financial markets. Some opponents have argued that these practices create risk …
Me with Baked Flounder and Steve Schippert on Radio214 discussing why Keynesian economics and liberty are not compatible. Oh, and a little about Alaska too. Click here to listen to the podcast Return to home page
If you think you earn your money, you are wrong. As I have been watching the debates over the debt ceiling, the fiscal cliff, and taxation I am reminded of one assumption about money the government makes (often unconsciously) that those of us who think we should be allowed to keep the money we have …
You Can’t Keep Your Money Because It Belongs To The Government Read More »
[repostus hash=2b346fd31b93007a0e56b9f5ca87ae96 title=The+Quest+for+Certainty host=Market+Shadows short=1rjnE snip=The+Quest+for+Certainty+%E2%80%9CAs+far+as+the+laws+of+mathematics+refer+to+reality%2C+they+are+not+certain%3B+and+as+far+as+they+are+certain%2C+they+do+not+refer+to+reality.%E2%80%9D+%E2%80%93+Albert+Einstein+%E2%80%9CTo+trace+something+unknown+back+to+something+known+is+alleviating%2C+soothing%2C+gratifying+and+gives+moreover+a+feeling%26hellip%3B thumb=3138651 jump=5] Return to Home Page Certainty image courtesy of hin255
Easing may cause developing world asset bubbles: IMF (via AFP) Monetary easing in the developed world could cause overheating and asset bubbles in emerging economies, the International Monetary Fund’s managing director said in Tokyo on Sunday. “Accommodative monetary policies… could strain the capacity of those economies to absorb the potentially large flows… capital flows, monetary …
Will Quantitative Easing Cause Asset Bubbles in the Developing World? Read More »
Feeling repressed? Take two aspirin and call your central banker in the morning. By Larry M. Elkin Those of us who like to save and invest money, or who start businesses – I’m guilty on both counts – tend to be glass-half-full optimists. We do not overlook today’s challenges, but we assume that hard work …
From the article by Andrew Sheng and Xiao Geng: “Indeed, today’s mainstream micro- and macroeconomic models are insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. They fail to answer what Paul Samuelson identified as the key questions for economics – what, how, and for whom are …
QE Infinity: Unintended Consequences (via Market Shadows) QE Infinity: Unintended Consequences There is an intense debate going on in the first-class cabin of Economics Airlines about the direction in which our plane should be pointed. And while those of us back in the cheap seats don’t get to help decide, knowing where we will land …
Incorporating the Rentier Sectors into a Financial Model (via Market Shadows) Incorporating the Rentier Sectors into a Financial Model Courtesy of Michael Hudson By Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in…
The Fed as Central Planner By Holly A. Bell In an article in the Wall Street Journal (available here), John H. Cochrane of The University of Chicago accuses the Federal Reserve of moving from a central bank to a central planner by engaging in fiscal policy and determining the allocation of credit. I must say …
Is the Power to Implement Fiscal Policy Being Transferred to The Fed? Read More »
