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Is the Shiller PE Ratio broken?As of 2/19/2020, the Shiller PE is 31.9. That is higher than the t … Read More
Princes of the YenDon't remember if this was posted before, but this is a prett … Read More
Afghanistan warWell, I think it depends on if you believe the government (i.e. bu … Read More
Unified Monetary Theory (?)Umm, one significant way the government is different from househou … Read More
Treasury AuctionsMMT argues that the government can create its own demand for its m … Read More
Most Popular Posts
EVERYONE Funds Their Spending

One of the most confused (and confusing) elements of endogenous money is the idea of “funding”. Endogenous money is not a new theory, but it is not well understood even [ … ]

Why Indexing Works

I am a big advocate of low cost diversified indexing in much the same way that most Vanguard funds work. The reason for this is simple – it’s been proven [ … ]

Understanding the Art of Doing Nothing

Most of what we end up doing in our lives is determined not by what we decide to do, but by what we decide NOT to do. In the course [ … ]

The Appropriate Portfolio vs the Optimal Portfolio

Should we pursue appropriate portfolios or optimal portfolios?

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