Central Bank “Distortion” Is a Red Herring

The rise of passive investing is upon us.  Years of substandard performance from active fund managers promising to be experts able to beat the market consistently has led to a meaningful shift toward lower-cost investing. Continue reading Central Bank “Distortion” Is a Red Herring

Is There a Place for a Financial Transaction Tax?

Financial transaction taxes have long been a topic of discussion in econ circles, the most famous of which is the so-called “Tobin tax” designed to help protect against undue currency speculation. ¬†Considerations of their potential utility have risen again since the financial crisis that brought down the world economy in 2008. ¬† Continue reading Is There a Place for a Financial Transaction Tax?