Here’s a NY Times piece calling for a MMT “victory lap”, with an asterisk. It’s an interesting article, but the asterisk seems to be doing an awful lot of heavy [ … ]

I have to put on my flame retardant suit for this one because the Bitcoin community is not going to like this. Here goes nothing. Most definitions of money say [ … ]

The Nasdaq is down 14%. The S&P 500 is down 9%. Even the gold standard of portfolios, the 60/40 is down 7%. They’re not catastrophic numbers, but they’re fairly sizable [ … ]

Here are some things I think I am thinking about: 1) Grantham calls for a market crash.  Here’s a provocative piece from Jeremy Grantham saying we’re in the 4th “superbubble” [ … ]

Hope your long weekend is going well. Here are some things I think I am thinking about: 1) Has inflation finally peaked?  I am ready to call it. Inflation has [ … ]

I like to emphasize that QE is a simple asset swap that happens after the primary asset issuance. That is, the government issues some amount of bonds when they run [ … ]

I recorded a great podcast with Peter McCormack when I was in NYC last month. This one was a little different for me and I think you’ll enjoy it. Peter [ … ]

I don’t love to forecast the short-term moves of what are inherently long-term financial markets, but I also know we live in the short-term and that perspective provides us with [ … ]

Whew. What a year. Pragcap passed 50 million total page views this year. Crazy. I’ve stopped writing as much in recent years mainly because of some personal stuff and getting [ … ]