Here's a novel idea, or rather, a novel way of looking at two problems. First is the problem of what what call capitalism, which has clearly broken down in some…

Maybe the whole explanation for every asset crazily mispriced relative to future possible cash flows is reserve currency. Money is free, at least the richer you are the cheaper it…

This history of financial markets is one of boom and bust. So be it. Everyone who reads a little about markets quickly learns this. What is different this time is…