All Posts Tagged With: "stock market"
The Gilded Age: A Modest Revision
Mark Twain named the decades after 1865 the “Gilded Age,” and Progressive historian Vernon Louis Parrington sketched them in some detail in 1927. For Parrington (Main Currents in American Thought, volume 3), the Gilded Age was a “Great Barbecue” of continuous government largesse and State-assisted capital accumulation under a very simple philosophy: “[P]reemption [of land] meant exploitation [...]
21Sep2011 | Joseph R. Stromberg | 4 comments | ContinuedInside Insider Trading
Insider trading is something we hear a lot about these days. To most people, the practice smells of foul play, and federal law restricts it. But the inside story of insider trading is something very different, as we shall see. The alleged ill effects on shareholders in particular and on the economy in general are [...]
22Dec2010 | Warren C. Gibson | 23 comments | ContinuedThe Long and Short of Short Selling
Short selling is a little-understood, much-maligned tactic by which traders can profit from their belief that a company’s stock is overvalued. Following the financial problems of the last two years, short selling has come under fire, with new or revived regulations proposed to curb the practice. It is unpatriotic, destructive, and destabilizing, say the critics. [...]
5Jan2010 | Warren C. Gibson | 12 comments | ContinuedThe Stock Market Is a Swindle?
Jude Blanchette is a freelance writer living in China. Michael Kinsley, founding editor of the online magazine Slate, columnist for the Washington Post, and American editor of the Guardian (UK), is a smart guy. His columns are often witty and incisive. Even where Kinsley is wrong (and he often is) he provides the reader a [...]
1Apr2007 | Jude Blanchette | 0 comments | ContinuedNo Shortcuts
For about ten years a number of writers sympathetic to the free market have rejoiced that more and more Americans have become shareholders in corporations through retirement accounts and direct investing. These commentators predicted that widespread stock ownership would effect a radical change in Americans’ attitudes about economic policy. No longer would they be sympathetic [...]
1Feb2003 | Sheldon Richman | 0 comments | ContinuedIrrational Exuberance by Robert J. Shiller
Princeton University Press • 2000 • 296 pages • $27.95 It is nothing new for an author to scare his readers with predictions of economic calamity and financial collapse. During the 1970s it was Howard Ruff’s How to Prosper During the Coming Bad Years. In the 1980s it was Gary Shilling’s After the Crash, Recession [...]
1Jul2001 | David L. Littmann | 0 comments | ContinuedEconomics on Trial
In today’s robust global economy, the wheat represents genuine prosperity—the new products, technologies, and productivity generated by capitalists and entrepreneurs. It represents real economic growth and when harvested, reflects a true higher standard of living for everyone. Under such conditions, stock prices are likely to rise.
1Sep2000 | Mark Skousen | 0 comments | ContinuedWhat It Takes to Be an Objective Scholar
“It was the facts that changed my mind.” —Julian Simon1 During the 1990s, we watched the Dow Jones Industrial Average increase fourfold and Nasdaq stocks tenfold. Yet there were well-known investment advisers—some of them my friends—who were bearish during the entire period, missing out on the greatest bull market in history.2 How is this possible? [...]
1Apr2000 | Mark Skousen | 0 comments | ContinuedAmerican Abundance: The New Economic and Moral Prosperity by Lawrence A. Kudlow
Forbes-American Heritage • 1997 • 212 pages • $22.95 William Peterson, a Heritage Foundation adjunct scholar, is the Distinguished Lundy Professor Emeritus of Business Philosophy at Campbell University in North Carolina. Over the last 15 years, the U.S. economy has experienced a 3 percent real average rate of growth in gross domestic product (with only [...]
1Apr1999 | William H. Peterson | 0 comments | ContinuedIt’s No Gamble: The Economic and Social Benefits of Stock Markets
Theodore Roosevelt once quipped, “There is no moral difference between gambling at cards or in lotteries or on the race track and gambling in the stock market.” John Maynard Keynes echoed this view: “When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be [...]
1Sep1996 | Robert Batemarco | 0 comments | Continued-
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