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Pragmatic Capitalism

Practical Views on Money & Finance

‘Myth Busting’

The Myth of Passive Investing Begins to Unravel….

You know an idea is starting to go mainstream in the investment world when it hits the pages of the Wall Street Journal.  I have been harping endlessly this year about how important it is to understand that passive investing is a myth and a marketing tale.  And today, we see this post by Josh… Read More

William Vickrey’s 15 Economic Myths Debunked

This is an oldie but a goodie.  William Vickrey was a Canadian economist and Nobel Laureate.   He was well known for being critical of most things out of the Chicago School of Economics.  This piece on 15 economic fallacies has been largely ignored, but the lessons are important and certainly as relevant today as… Read More

This Commonly Referenced USD Purchasing Power Chart is Useless

You’ve almost certainly seen the chart below over the years – it shows the purchasing power of the US Dollar over time.  It looks terrifying.  And it’s constantly cited by hyperinflationists and other people trying to convince you that the world is quickly coming to an end thanks to the “fiat monetary system” and all the… Read More

The Myth of the Passive Investor

Some investors have such little faith in the merits of active management that they prefer to take a 100% passive approach. We think they may be making more active decisions than they realize.