Is diversification the heart of investment?
According to the Modern Portfolio Theory (MPT), financial asset prices always fully reflect all available and relevant information, and that any adjustment to…
Read MoreSeptember 23rd, 2020
Milton Friedman and the New Attack on Freedom to Choose
We are in the midst of an open counterrevolution against liberty and limited government in the United States. This may sound like strong language…
Read MoreKeynesian ideas can only make things worse
In the New York Times on September 8, 2020, Paul Krugman suggested that “The CARES Act, enacted in March, gave the unemployed an extra…
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