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”.
It is not uncommon for people to conflate victory and liberty with centralization and inflation. Even in the case of...
Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...
Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at...
Yves here. I must confess to taking my eye off the Russia ball, save for taking some note of the...
Gold has now fallen below $4,000 an ounce for the first time since November 2025, and suddenly everyone is proclaiming...
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/isna | Via...
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