In this week's episode, Mark looks at the implications of famed investor Jim Chanos shutting down his hedge fund which specialized in shorting stocks. The closure comes as stock markets in the US hit all time record highs. Mark frames

In an October column, Paul Krugman admonished people who are not all in on the Joe Biden economy and declared that we are headed at worst for a “soft landing” in which an economic slowdown—if it happens at all—will be

Market implied Fed Funds rate discount a string of cuts starting in January 2024 and culminating in a 4.492 percent in January 2025. These expectations are based on the perception that the Federal Reserve will achieve a soft landing and that

In March, at the National People’s Congress, Beijing set its annual gross domestic product (GDP) growth target. Since 1985, in every year but one, China has met or exceeded its official projections, raising doubts about whether or not Beijing’s claims

Despite the numerous permanent problems faced by public healthcare systems, a significant number of people (such as citizens, politicians, and doctors) still seem to deem them necessary and believe that the problems associated with them can be solved by, for

In his new book Only a Voice: Essays (Verso, 2023), the critic and essayist George Scialabba brings to our attention the wisdom of two authors who analyzed the dangers of war: Randolph Bourne and Dwight Macdonald. In this week’s column,

Nicolás Cachanosky was a co-author on the dollarization proposal for Argentina that Javier Milei publicly endorsed. Nicolás explains to Bob the outlines of the proposal, which involves replacing pesos with USD for bank deposits, currency in circulation, and central bank liabilities. How

Most people have a negative view of business monopolies. Whether for allegedly exploiting workers, causing inefficiency, or crowding out potential challengers, most government-granted monopolies undoubtedly hurt entrepreneurs and customers. This basic distrust of monopolization disappears as soon as one enters the

Dear Friend, In the chapter of The Road to Serfdom entitled “The End of Truth,” F.A. Hayek wrote that in a totalitarian society “truth” is not determined by scholarship, research, discussion, and debate but by pronouncements by the government “authorities.” Anthony