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 [ … ]
Category: Myth Busting
(Popular Myths of the Economy and Markets….BUSTED!
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 [ … ]
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 [ … ]
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 [ … ]
Hard Truths for the Inflation Truthers
The main goal of this website over the years has been to search for an operationally sound and empirically supported perspective of how the monetary system works. I’ve debunked tons [ … ]
Is This The Worst Thing The WSJ Has Ever Published?
Well, I thought that 2018 had to be peak stupidity for humanity, but we are not off to a good start in 2019. I opened the Wall Street Journal this [ … ]
Debunking Passive Investing Myths on Bloomberg TV
Here’s my appearance from yesterday on ETF IQ on Bloomberg TV in case you missed it. We touched on: 1) Why is the myth of passive investing important to understand? [ … ]