“In recent years, annual trading in stocks — necessarily creating, by reason of the transaction costs involved, negative value for traders — averaged some $33 trillion. But capital formation — that is, directing fresh investment capital to its highest and best uses, such as new businesses, new technology, medical breakthroughs, and modern plant and equipmentContinueContinue reading “Finance is Destroying the Economy”
Category Archives: Blog
Centrism is Dead, Long Live Centrism!
I am not the first to take note of its passing though it may not be quite finished, the next few years could still hold some centrist victories, a dead cat bounce, but it’s in the coffin, ready to be buried. Many have hailed this as a good thing, a victory that will foretells theContinueContinue reading “Centrism is Dead, Long Live Centrism!”
The Next Recession
It is unusual for a bull market to last much longer than ten years. Increasing instability would suggest that this one is nearing its end. This has some important implication for the coming decade.
Believe in US
There is reason to be optimistic about the future. It’s true that the world is a safer place than it has ever been, that the world is a better place. Crime is down, the stock market is higher than ever, and the standard of living seems to just keep improving. To predict the next tenContinueContinue reading “Believe in US”
Tim Grady For Ohio 