Paul Krugman once claimed that inflation was necessary for relative income equality. The truth is that inflation, by creating winners and losers, increases and exacerbates income inequality. ...
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism. ...
The great train wreck seems to be happening. Mark Thornton shares his latest guesses and outlook. ...
This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the first half of 2024 logging some major losses. Is this one of the most buyable dips of the year? Or ...
Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily mean that everything is OK going into next week. Wall Street seems to be in whiplash land, veering from one ...
Critics of capitalism claim that private enterprise gives workers the unhappy choice of either working difficult, low-paying jobs or outright starving. The claim is false and the history of capitalism tells a different story. ...
Flying Financials In the recent sector rotation, basically OUT of technology and INTO anything else, Financials and Real-Estate led the relative move. On the RRG above, I have highlighted the (daily) tail for XLF to show how it stands out ...
Canadian bankruptcy filings jumped 40% last year, while CIBC reports nearly half of Canadians have zero emergency savings. ...
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While defenders of democracy claim to hold fealty to the U.S. Constitution, they are quick to jettison it when they claim that democracy itself is in peril. David Gordon disagrees. ...