A Look Behind the Fed’s Curtains

The State Department said in a statement last week that the US is in conflict with Iran “at the request” of Israel, an acknowledgment of Israel’s role in steering the US into the war, which the US has dubbed “Operation Epic Fury.” The statement was issued by the State Department’s legal adviser, Reed D. Rubinstein, […]

How Wall Street Launders Dogsh*t Into Retirement Funds Submitted by QTR's Fringe Finance One of the more embarrassing habits of modern finance is its insistence on pretending the stock market has some integrity left. Capital, we used to think, flowed to the most productive businesses. Prices reflected fundamentals. Risk was priced. The market, in the long run, separated signal from noise and rewarded cash generation over fantasy. That is the civics-class version of markets, and at this point it bears no resemblance to the one we actually trade in. The market’s core failure...

Molinari argues that the division of labor and voluntary cooperation form the natural basis of social organization.