Economists and financiers have compared stockmarkets to gambling since 1936, when Keynes warned of “the capital development of a country becom[ing] a by-product of the activities of a casino”. In 1999 Jack Bogle of Vanguard decried the “Wall Street casino” where only croupiers got rich, and in 2023 Warren Buffett wrote that “markets now exhibit far more casino-like behaviour than…when I was young”.
Sometimes a picture, or in this case a video, is worth 1000 words. But unlike King Canute, who knew his...
December 31, 2025, concludes the first twenty-five years of the 21st century. The US government’s future bankruptcy results from poor...
Ukrainian Minister of Digital Transformation Mykhailo Fedorov declared that his nation will become a “sovereign AI state” after partnering with...
President Donald Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering domestic head count...
This article examines how the Defense Advanced Research Projects Agency (DARPA) evolved from the most imaginative and consequential technological incubator...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
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