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Defaulting On The National Debt, Rewarding The Regime, And The Obligation To Pay Our Debts

October 2, 2021 8:39 pm

by Ryan McMaken of Mises Institute The US is in the midst of yet another “debate” over the debt ceiling. In the twenty-first century, this is a ritual that Washington politicos and journalists go through every few years when the prospect of default …

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IPO’s: Rewarding Reckless Risk Pricing, Again

April 11, 2019 5:18 pm

via trueeconomics: Markets are supposed to be efficient. At least, on the timeline that allows to price in probabilistically plausible valuations of the firms. Markets failed to be efficient at the time of the dot.com bubble. And, it appears, they are …

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