According to modern portfolio theory (MPT), financial asset prices always fully reflect all available and relevant information, and any adjustment to new information is virtually instantaneous. Thus, asset prices respond…
Politics
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Last week, a video clip of Francis Fukuyama went viral. In the clip, the political scientist called freedom of speech and a marketplace of ideas “18th century notions that really…
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I often think of the great Henry Hazlitt, a hero and supporter of the Mises Institute. He was a tireless voice of reason. He once said at a Mises birthday celebration,…
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Politics
Sustainability of Eden: Can the UN’s Sustainability Agenda Succeed in a World Full of Conflict?
To achieve sustainability, the world needs stability. Yet two-thirds of countries are facing major economic, political, and social problems. Most of them are also experiencing ethnic or civil conflicts, mass…
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In the name of dealing with a so-called public health crisis, U.S. political and medical elites created even more crises. David Gordon reviews Tom Woods’ new book that deconstructs the…
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With a doveish pivot, Jerome Powell is declaring victory over inflation. It would be extraordinarily naive to ignore the influence of next year’s presidential election on the Fed’s new outlook.…
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As the delegates gather for COP28 to set an agenda to “fight climate change,” we should remember what they are seeking to do: destroy the world’s economy as we have…
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World elites gathered in yet another attempt to remake the world in a different image, with so-called climate change invoked as the catalyst for the meeting. As one can imagine,…
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I. Antony C. Sutton (1925–2002) was a British economist and economic historian who taught at California State University, Los Angeles. Sutton was also a research fellow at the Hoover Institution…
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Weakness in the US economy continues to hide behind surging debt levels and government spending. As noted last month by Daniel LaCalle, [A] large part of the growth in GDP…