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”.
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 524.28 points or 0.89% to...
Since the ceasefire on April 8 and Trump’s apparent capitulation to Iran, it appears the Iranians will levy a toll...
In the final chapter of his excellent collection of essays, Classical Liberalism and the Austrian School, Ralph Raico turned to the...
Political controversy has arisen in recent debates on immigration concerning the compatibility between economic liberalism and restrictions on the free...
There are at least two meanings for “dominance” in relation to monetary and fiscal policy. The first one, proposed by...
The front page of the Javan newspaper (L) and the front page of the Jam Jam newspaper, which features a...
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