I joined The Investor’s Podcast for a special Masterclass in Inflation. I hope you enjoy.
Category: Recommended Reading
What is “Fractional Reserve Banking”?
The term “fractional reserve banking” is commonly used in a confusing manner in both mainstream economics and within lay conversations about economics. I hope this article will clear up some [ … ]
Understanding Government Liabilities
I keep running into a strange issue in macroeconomic discussions – no one seems to agree on how we should account for government liabilities. For instance, Gold standard economists believe [ … ]
Why Stocks and Bonds are the Core of any Portfolio
“Stocks are overvalued and risky. Bonds yield nothing and expose you to interest rate risk. So you need to invest in alternative assets.” – Pretty Much Everyone I am a [ … ]
The Psychology of the Stock Market, in One Image
What a wild year it’s been. You could say that the pandemic was like an entire market cycle all rolled into one year. A boom, a bust and a boom. [ … ]
40 Things I’ve Learned in 40 Years
I turn 40 years old today. Since I hate birthday presents I figured I’d pass along some of the presents people have taught me over the last 40 years. 1) [ … ]
My View on “Late Stage Capitalism”
I am going to spend some time trying to put the debate about Capitalism and Socialism into perspective here. But before we can do that I need to properly define [ … ]
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 [ … ]