I am thrilled to announce the first day of trading of the Discipline Fund ETF on the New York Stock Exchange under the ticker DSCF. Discipline Funds is a new [ … ]
Understanding the Modern Monetary System – Updated!
It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because [ … ]
We’re Moving!
Thanks to everyone who has read Pragmatic Capitalism for the last 15 years. I’ve loved writing this blog, but we need to consolidate our financial content going forward. It’s become [ … ]
The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
I joined The Investor’s Podcast again this week to discuss a wide range of topics. The YouTube chapters in the interview are linked below and you can listen to the [ … ]
The Economics of a United States Divorce
Congresswoman Marjorie Taylor Greene got a lot of attention over the weekend when she stated that the USA needs a “national divorce”: I try to remain as objective as possible [ … ]
I am Not a Dog Person Anymore
When I was 10 years old I read the classic “Where the Red Fern Grows”. It’s a book about a young boy who adopts two dogs who eventually get into [ … ]
FAQ Answers โ Part 2
Hereโsย the second batch of answers from the Ask Me Anything. If you missed part 1 you can catch it here. Topics include Bitcoin, ESG investing, the debt ceiling, the death [ … ]
Three Things I Think I Think – Bankrupt Ideologies
1) The Competition for Worst Ideology is Heating Up There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has [ … ]
FAQ Answers – Part 1
Here’s the first batch of answers from the Ask Me Anything. We covered a lot of ground in here including my view on factor investing, the FIRE movement, asset allocation [ … ]
Ask Me Anything (Comments Open!)
We are going to do a new 3 Minute Macro “Ask Me Anything” edition. It should be out next week or so. Please use the comments below to ask me [ … ]