How We Know That Avinash Persaud Is Blowing Smoke About The Financial Transactions Tax

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It's possible to the actual work on a financial transactions tax and prove that it's pensioners that pay it, it shrinks the economy, doesn't...

Nick Shaxson Entirely Misses The Point Of Comparative Advantage

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Sure, we can forgive people for not grasping the point or detail of comparative advantage. It is, after all, the only non-trivial and non-obvious...

WeWork As A Proof Of The Efficient Markets Hypothesis

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The little jokule about the efficient markets hypothesis is that Eugene Fama got the Nobel for proving it, Lars Hansen for doing the maths,...

Why Invest So Little In Property?

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The Questor column in the Telegraph outlines how property is "the best income asset". Yet they allocate only a small portion of their model...

Muddying the Waters

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Here in our dismal pit, we perked up a bit as we read the following headline in the Grauniad: Clarity on Burford Capital is needed...

Blimey, Banks Close Branches In Poor Places, Not Rich Ones

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The Guardian seems to have a certain difficulty in understanding what a bank is, what a bank is for, here. It's a mechanism by...

De Fault Is In The Stars

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Yeah, a really bad pun, but we specialise in such. So what recently caught our eye here in our dark scribbler’s pit was a...

The Equation That Drives The Bitcoin Price

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Now all we need to do is find the empirical values to plug into this equation. Even better, be able to predict them: Speculation and...

Taxi Ride Anyone?

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So here we go again. Just as the dust settles on that deflating balloon that was the Lyft initial public offering along comes another...

Jan Care*

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Well, well, well, just look what’s happened! That overhyped and touted IPO by Lyft is now in the doldrums. There’s this piece here by USA...