Financial Markets
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Seize the Means of Production in a Few Easy Steps
“Slow-motion corporate raiding just doesn’t stir the blood like waving a flag and raising a fist at the barricade or building a guillotine outside Jeff Bezos’s house.” ~Art Carden
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Check Your Economic Hubris
“No matter how glorious it was for Icarus to fly and how well he thought he could do it, reality has a way of punishing excessive hubris.” ~Joakim Book
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The Future of Bitcoin in Light of a Spot ETF
“While the SEC’s long-overdue approval of a Bitcoin spot ETF deserves a bit of celebration, watch out for what’s next. The state apparatus will increasingly treat Bitcoin as a regulated financial product.” ~Emile Phaneuf III
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Business Conditions Monthly November 2023
“In light of expectations of falling demand and the increased vulnerability of the US economy to geopolitical shocks, our prediction of a US recession by September 2024 stands.” ~Peter C. Earle
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Who’s Winning the Race for Real-Time Payments?
“The extent to which the Federal Reserve will take measures to hold back TCH-RTP’s growth was not yet clear (and maybe it still isn’t). Institutions may be hedging their bets or testing both systems.” ~Nicolás Cachanosky
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Business Conditions Monthly October 2023
“While we continue to impartially and vigilantly assess incoming data, our current analysis still points to a recession occurring before September 2024 as the most probable scenario.” ~Peter C. Earle
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A Short Guide to ESG: Advocates
“I have categorized organizations by their function and highlighted a few organizations worth knowing in each category, from high-level, broad advocacy to nitty-gritty implementation.” ~Paul Mueller
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Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
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A Short ESG Guide: Introduction
“What many find most troubling is how much social control will be exerted by undemocratic and anti-market forces with little accountability.” ~Paul Mueller
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Get Ready to Kiss Your Credit Card Rewards Goodbye
“The benign-sounding Credit Card Competition Act is a double whammy. It’s not just a threat to my credit card rewards; It’s a violation of my libertarian principles.” ~Jon Miltimore
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Dollarization and the Lender of Last Resort
“Typically, there is little risk of losing a lender of last resort in countries with troubled currencies that are considering dollarization because such countries don’t have a lender of last resort to lose.” ~ Nicolas Cachanosky
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My Big Cryptocurrency Pyramid Scheme
“I like to explore innovations that promise not violent overthrow but rather ways to undermine or circumvent unjust authorities or corrupt incumbents.” ~ Max Borders
