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”.
We are in the midst of America’s biggest moral panic since 2001. I call it the influencer apocalypse because it...
The war of words between President Donald Trump and Fed Chairman Jerome Powell has been revealed as largely histrionic. Like...
El Camino Real (ECR), State Highway 82, the main thoroughfare connecting San Jose with San Francisco, is sandwiched between Federal...
U.S. Treasury Secretary Scott Bessent arrives to meet Spain's Foreign Minister Jose Manuel Albares, to continue discussions on trade, economic...
0:37Intro. Russ Roberts: Today is July 24th, and my guest is engineer and writer Brian Potter of the Institute for...
QUESTION: Marty, you have said it. This is the worst crop of leaders in Europe in all history. Now...
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