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 [ … ]
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 [ … ]
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 [ … ]
Yes, Taxes Fund Spending
In the last few years MMT has grown in popularity and they’ve promoted the idea that “taxpayers do not fund anything”. While seemingly intuitive, this narrative is fundamentally wrong and [ … ]
Let’s Stop Talking About “Paying Off the National Debt”
When we talk about personal finance we often talk about paying off our debts to become financially free. But this is a fallacy of composition. While some households can pay [ … ]