But can we stop the movement’s passion from giving way to misery and hypocrisy?

French citizens celebrating Bastille Day in the streets

The GameStop price action is nothing short of revolutionary. But revolutions have a way of burning themselves out and leaving people disillusioned and miserable. Without guiding principles and leaders of character, high ideals are overridden by an enthusiasm for punishment and retribution.

I’m one of many sitting on the sidelines…

The pandemic is a dip in the road compared to the long-term trends that drive economic growth

Ask an economist what the biggest questions are in the world today and you might be surprised by the answer. At a time when the pandemic has captured the full attention of experts, some have managed to remain aloof from these immediate concerns. …

How should we interpret the new push for government-run digital money?

For years central banks have shown nothing more than a passing interest in digital currencies. If the topic was raised, it was usually to remind us that crypto currencies and other private digital money providers would have a hard time competing with the government. …

According to the U.S. Fed, household net worth is at an all time high

Last month a very interesting tidbit was released by the U.S. Federal Reserve. It shows, remarkably, that households, businesses, and governments are the wealthiest they have ever been, both in nominal and real terms. The release covers the June quarter, which includes much of the economic fallout from the nation-wide…

Keynes’s legacy extends beyond theory to the world of action, speculation, and ambition

It is a strange thing to hear economists talk of ‘animal spirits’ who themselves appear to be animated by little more than elaborate, closed-off theories. There are more than enough economists who claim some insight into how economies operate without ever gaining first-hand experience of the market. Exposure to the…

Investors were not thrilled to hear next-gen batteries are three years off

Given the hype surrounding America’s brave new carmaker, it’s hardly surprising that many of us struggle to buy into the vision, let alone the stock. Even after coming off its most recent all-time high, the valuation is simply too risky, and the road is littered with broken promises. …

Gordon Toy

Writer and analyst based in Melbourne, Australia. Investing, markets, politics, history of economic thought. More at: https://www.gordontoy.com/

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