It’s a Good Time to be a Fracker
Costs and regulations coming down, production going up – and oil is still headed for $65.
Best Returns Since 1900 Came From These Markets: Chart
I Ignored Trump News for a Week. Here’s What I Learned.
Kenneth Arrow has died. He changed our view of politics.
What Do We Want the Federal Reserve to Do?
I’m surprised by the naiveté of Mr. Luskin in assuming that Republicans welcome a (truly) more objective rule in setting interest rates. Consider that in December 2016 the newly appointed (January 2017) Vice Chairman of the House Subcommittee on Monetary Policy and Trade Roger Williams whined about only the second one quarter-point interest rate rise in a decade to a level which is still well below what most rules-based advocates would calculate. Does conservative dogma include perpetual, unwarranted interest-cost subsidization for all borrowers and debtors?
Global Equity Risk Premia - 2017-02-21
Martin Schulz takes aim at ‘sacred cow’ German economic reforms
From Executive Orders to Spontaneous Order
If the Trump administration is so chaotic, why are markets so resilient and risk-embracing?
Yellen Gives Conservatives Something to Cheer
With three Trump appointees, the Fed is likely to move toward rules-based policy.