Tag Archives: stagflation

Keynesian Economics Is an Artifact of Cheap Energy

Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies.¬†Economics, along with other social sciences, makes an implicit claim that its econometric claims are the equal of the … Continue reading

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The Death of Buy and Hold: We’re All Traders Now

The conventional wisdom of financial advisors–to save money and invest it in stocks and bonds “for the long haul”–a “buy and hold” strategy that has functioned as the default setting of financial planning for the past 60 years–may well be … Continue reading

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