Warning – hard money types are going to lose their minds over this article. I apologize in advance. It’s impossible to talk about interest rates without running into people who [ … ]
Category: Myth Busting
(Popular Myths of the Economy and Markets….BUSTED!
Everything Wrong with the “Money Printer Go Brrrr” Meme
You’ve probably seen some version of the following meme in the last few years. In case you haven’t it’s generally used to infer that Jerome Powell is printing money and [ … ]
The Scarcity of Money Myth
I’m here to ruin some long running narratives. I apologize in advance. Money is not scarce. It never has been and it never will be. More importantly, scarcity of money [ … ]
Is Inflation Really 10%?
One of the long running themes on this website is low inflation and debunking narratives about how very high inflation might be around the corner. I like to work from [ … ]
Government Bond Markets Aren’t “Free” Markets
This is one of those posts that is operational in nature, but will sound political to some people. Before you send me a mean email please try not to politicize [ … ]
Sorry, but Your ESG Funds Probably Suck
I’ve previously discussed ESG investing and how investing in what you view as subjective morality is actually nothing more than old school stock picking. I get it – we want [ … ]
Stop Saying MMT Describes Reality – It Doesn’t
I had a good laugh at this Tweet from Jo Michell (who is a very good economist by the way). It seems to be from a UK blog advocating for [ … ]
Let’s Talk About Sectoral Balances
I am a big fan of looking at things through the lens of the sectoral balances. For instance, I sometimes post this chart on this website which depicts the government’s [ … ]
No One Knows What Individual Stocks are Actually Worth
This is probably the most important thing you can learn about allocating your savings: No one really knows what individual firms are worth at any given time. When you recognize [ … ]