Financial Markets

What happens when a society consumes its seed corn?

Mark Thornton dives into the misunderstood world of precious metal premiums.

The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.

The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.

As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.

As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte—Trump‘s Director of the Federal Housing Finance Agency—is demanding the Fed force down interest rates to restart the unsustainable boom.

Professor Steve Hanke joins Bob to discuss why COVID lockdowns were an unprecedented policy blunder and how currency boards provide an effective solution to hyperinflation.

With US Government bonds being downgraded, another sign that Washington's borrowing and spending is out of control, not that anyone in power is listening. Think of the downgrade as a canary in a coal mine.

Government protection and deposit insurance slows the inevitable—until it doesn’t.

Ultimately, interest rate caps would cost Americans access to a convenient and reliable source of credit. Instead of saving them money, a rate cap would push consumers into worse credit options.