A Conversation On Wall Street and Dangerous Monetary Policy
“On this episode of the Authors Corner, Ethan Yang sits down with former hedge fund manager and founder of Signals Matter, Matt Piepenburg, to discuss his book Rigged to Fail. Matt brings his years of experience in the financial industry and his academic scholarship to offer a nuanced discussion on financial markets and the Federal Reserve.” ~ AIER
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Unemployment Over the Business Cycle
“Without significant monetary and regulatory reform, our recovery from the Covid-19 recession will not only not fix these negative conditions, but will only set up the U.S. for our next recession, one that will almost certainly be even more severe.” ~ Robert F. Mulligan
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Monetary Policy Since the Great Recession
“The U.S. economy has now entered unexplored territory, though this territory has unhappy similarities with Revolutionary-era hyperinflation, Civil War inflation of the 1860s, and the stagflation of the 1970s. None of these historical experiences were something anybody would want to relive.” ~ Robert F. Mulligan
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The Asymmetry of Bitcoin Scams Is All Very Sad
“When losses come from risk-taking for which you stood to benefit, it’s not sad if you happened to lose. That was a possible outcome, and whether you properly understood it or not is beside the point. With Skin in the Game, there’s nothing sad about making losses.” ~ Joakim Book
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What Do Wildcat Banks Tell Us About Stablecoins?
“The experience in Michigan when it was a frontier state in the same year that the telegraph was invented is not particularly pertinent for discerning the likely success of private currency with the communications technology available today. ‘Wildcat’ is a phrase that has no relevance for stablecoins.” ~ Gerald P Dwyer
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Not Smart Financial Regulation
“U.S. financial regulators approved the NSFR despite the fact that their own evidence showed the costs of the rule exceed its benefits. That’s Not Smart Financial Regulation.” ~ Thomas L. Hogan
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Lumber Prices Return to Earth
“A new round of expansionary monetary policy, wildfires, or other developments could bring more upheaval to this ordinarily sedate market, but for now it appears that the lumber market delirium has been quelled.” ~ Peter C. Earle
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Higher Inflation Depresses Equity Valuation
“The CPI will probably increase by 3-5% for all of 2021. That is not nearly as bad as the 1970s, when the rate averaged 7.4% p.a. (and peaked at 13.3% in late 1979), but it’s still bad for equity valuations.” ~ Richard M. Salsman
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Amazon’s Reward For Lifting Its Vendors In Unimaginable Ways? Demonization
“Once the butt of jokes of the ‘Amazon.org’ variety, the formerly fledgling business presently meets the needs of billions of customers in ways they never imagined. Put another way, we couldn’t live without Amazon today. Seemingly neither can reporters seeking – and getting – A1 newspaper real estate through reports that are long on innuendo, while short on reason.” ~ John Tamny
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A Conversation on Financial Exclusion and Inclusion
“On this episode of the Authors Corner, Ethan Yang interviews AIER Senior Fellow Robert Wright on his book Financial Exclusion: How Competition can Fix a Broken System. During the interview, Robert discusses major themes in his book, which touch on the importance of the financial system and the damage exclusion has brought on marginalized communities.” ~ AIER
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Are Digital Assets Coming of Age?
“During the intervening five years, much has happened to support the case for digital assets. More legitimacy will be needed to satisfy the institutional investment community, but it is reasonable to conclude that digital assets have finally come of age.” ~ Colin Lloyd
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The Death of a Visionary Retailer Reminds Us of Private Equity’s Genius
“Instead of sitting on their hands, these investors are energetically reshaping commerce for the much better with their bold capital commitments. Rather than demonize private equity, we should cheer the progress that it personifies with an eye on reworking the tax code in order to encourage more of what’s mindlessly penalized.” ~ John Tamny
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