The Irreverent Economist

The Siren Song of Wall Street

Do yourself a favor and turn off CNBC. For as long as I’ve been in the financial industry, pundits have made an opulent living by telling tales about markets.  Flowery narratives which weave tog... Read More

Posted in Blog Posts |

For It is In Giving That We Receive

Many of our clients have accumulated significant assets over a lifetime of hard work and good fortune.  More assets than they will need to see them through a secure retirement—even on our conservat... Read More

Posted in Blog Posts |

What We Are Reading

A journey of a thousand miles begins with a single book. Here you can find a sampling of the many sources on which we rely to learn about our ever-changing world. Our scope is broad and our interests ... Read More

Posted in Blog Posts, What We Are Reading |

Bitcoin Bonanza!

Already during its short life in the public imagination, reams have been written about Bitcoin—what it is, how it works and, most breathlessly, how rich you can get by trading it.  This has all of ... Read More

Posted in Blog Posts |

Perspectives on Tax Reform

This week, Republicans in the US House and Senate are working on parallel versions of a tax bill that they hope to pass before year-end.  Two distinct proposals have emerged from their respective com... Read More

Posted in Blog Posts |

Great Moderation?

The placid state of global financial markets—with measures of equity volatility near all-time lows—belies undercurrents of growing inequality, rising social unrest, and heightened political instab... Read More

Posted in Blog Posts |

On Being a Fiduciary

At long last, the Department of Labor’s Fiduciary Rule will take effect this Friday, June 9th.  The rule requires that investment advisors put their clients’ interests ahead of their own in rende... Read More

Posted in Blog Posts |

What We Are Reading

A journey of a thousand miles begins with a single book. Here you can find a sampling of the many sources on which we rely to learn about our ever-changing world. Our scope is broad and our interests ... Read More

Posted in What We Are Reading |

KPF for President!

The utter unpopularity of our "chosen" candidates, and the happy reality that this blog has a modest following, inspired me to throw my hat into the ring...rhetorically! Here's what I would do to g... Read More

Posted in Blog Posts |

Some Unpleasant Monetarist Arithmetic

Monetary policy has reached a crossroads.  Neither conventional approaches to stimulating demand (low interest rates) nor unconventional policies (quantitative easing) have produced a durable recover... Read More

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