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NEW HAVEN – Russia’s aggression against Ukraine and the Russian public’s acquiescence in direct government control of news media have many people wondering if...
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If one were seeking a perfect example of why it’s so hard to make financial markets work well, one would not have to look...
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Adam Smith famously wrote of the “invisible hand, ” by which individuals’ pursuit of self-interest in free, competitive markets advances the interest of society...
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In their new book The Incredible Shrinking Alpha, Larry E. Swedroe and Andrew L. Berkin describe an investment environment populated by increasingly sophisticated analysts...
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The prices of long-term government bonds have been running very high in recent years (that is, their yields have been very low). In the...
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Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few...
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– Economic growth, as we learned long ago from the works of economists like MIT’s Robert M. Solow, is largely driven by learning and innovation,...
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– The depression that followed the stock-market crash of 1929 took a turn for the worse eight years later, and recovery came only with...
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– In recent months, concern has intensified among the world’s financial experts and news media that overheated asset markets – real estate, equities, and...
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– Thomas Piketty’s impressive and much-discussed book Capital in the Twenty-First Century has brought considerable attention to the problem of rising economic inequality. But it is...