The Unseen Costs of Intellectual Property
Arguments in favor of intellectual property (IP) boil down to innovation. If not for giving company X a monopoly on producing good Y, good Y would have never been produced, and we would be worse off; therefore, the government should enforce intellectual “property.” As persuasive as this may be to laymen, it has a hidden […]
What Should The Fed Do When It Hasn’t Done What It Should’ve Done?
The Federal Open Market Committee voted to hold its federal funds rate target range at 5.0 to 5.25 percent this week, while signaling further rate hikes to come. “Looking ahead, nearly all committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down to 2 percent […]
MiB: Gretchen Morgenson on Private Equity
This week, we speak with Gretchen Morgenson, senior financial reporter for the NBC News investigative unit. A former stockbroker and alumna of the New York Times and Wall Street Journal, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on finance. She (and coauthor Joshua Rosner) recently published “These […]
The Pretense of Finance – Econlib
In this episode of EconTalk, Russ Roberts hosts Lars Peter Hansen, Professor of economics at the University of Chicago and a recipient of the Nobel Prize in Economics. Roberts and Hansen discuss the validity, shortcomings, and use of economic models in understanding systemic financial risk. Hansen reminds us that it is irresponsible to place 100% […]
Dumb Ideas – Econlib – Index Investing News
Do dumb people hold dumb ideas? I’d say not necessarily. There are a host of issues where my views are probably closer to the view of the typical dumb person than to the views of a sophisticated reader of the New Yorker magazine. And even where I disagree with the views of dumb people, it’s […]
