Financial Markets
Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.
Peter St. Onge On Who’s Taking Your Money
Economist Peter St. Onge summarizes some of the major financial and government news stories of the day.
Are Capital Gains Income? The Connection with Mises’s Calculation Problem
Bob goes solo to discuss a recent Twitter controversy, in which opponents of a proposed tax argued that unrealized capital gains couldn't possibly be a form of income.
Modern Portfolio Theory Is Mistaken: Diversification Is Not Investment
While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments.
Time Is Running Out for Construction Loans
For a long time, banks have sought to keep construction loans “on the books” to collect more interest payments. With a recession looming, these long loans are likely to become delinquent.
Negative Leverage: The Fed’s Latest “Gift” to Apartment Investors
Despite higher rents, investment in new apartments is a losing proposition, thanks to the Federal Reserve.
DC’s Debt Trap
Federal debt is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty.
The Bad News Hiding Behind the GDP and Jobs Numbers
Economist Daniel Lacalle joins Ryan and Tho to talk about how central banks are engineering more zombie companies, higher inflation, and a "private sector recession."
2023: A Year Reviewed
2023 was a great year for the goals and prospects of the Mises Institute, but a very bad year for the State.