Whom Do You Believe? ‘Money Multiplier’ Theorists, or Warren Buffett
There is no “money multiplier.” If there were, money wouldn’t exist as an exchange medium.
Whom Do You Believe? ‘Money Multiplier’ Theorists, or Warren Buffett Read More »
banking
Opposite James Grant’s ‘Drunk on Credit’ Thesis, Governments Have No Resources
His insulting description of a “drunk on credit” economy is actually an unwitting compliment from the famously sour pundit
Opposite James Grant’s ‘Drunk on Credit’ Thesis, Governments Have No Resources Read More »
As Electric Vehicle Prices Decline, Will the Federal Reserve Step In?
Will the Federal Reserve fiddle with rates more to fight what economists imagine deflation to be? If the question reads as flippant, that’s because it is
As Electric Vehicle Prices Decline, Will the Federal Reserve Step In? Read More »
As Blackstone Searches for the Future of Housing, Lawmakers Get In the Way
Here’s hoping legislators get out of the way so that market forces make their way into the American home.
As Blackstone Searches for the Future of Housing, Lawmakers Get In the Way Read More »
Assuming “Vibecession” Is a Real Thing, It’s Quite Bullish
Whatever informs a greater propensity to save will as a rule enable soaring production without which there is no production. In short, and assuming “Vibecession” is a real thing, it’s once again quite bullish.
Assuming “Vibecession” Is a Real Thing, It’s Quite Bullish Read More »
Bret Stephens Unwittingly Suggests ‘They Didn’t Build That’
Stephens disappointingly makes a case that the market’s vitality is a Federal Reserve thing. He quotes Sharma as saying in an interview that “When the price of borrowing money is zero, the price of everything else goes bonkers.”
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Like Every Other Business, Banks Have Investors To Please
Banks are presently being asked to provide high-level service to customers in return for nothing. Sorry, it’s not going to work.
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Dollar Stability, Not ‘Dollarization,’ Is the Fix for Javier Milei
Self-proclaimed libertarians claim Argentine president Milei must “dollarize.” Really? Why? And what on earth does government decreeing the dollar as the currency of exchange have to do with free markets?
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There’s No ‘Junk’ In Credit Card Swipe Fees, Just Essential Service
Credit/debit card issuers quite literally finance the purchases of customers, they enhance the ability of customers to make purchases by not limiting them to what’s in their pockets, and most of all they free retailers from a myriad of burdens including judging the cash or creditworthiness of buyers.
There’s No ‘Junk’ In Credit Card Swipe Fees, Just Essential Service Read More »
Texas Republicans Fight ‘Woke’ With Higher Taxes on Texans
In their efforts to fight off what they allege are “woke” business practices inside banks, Texas Republicans have taken to harassing financial institutions in a fashion long associated with “woke.”
Texas Republicans Fight ‘Woke’ With Higher Taxes on Texans Read More »