Are Stocks Fairly Priced? Efficient Markets and Inefficient Politics
Thinking Things Over April 15, 2012 Volume II, Number 15: Are Stocks Fairly Priced? Efficient Markets and Inefficient Politics By John L. Chapman, Ph.D. Canton, Ohio. Investors are living through an era of extraordinary uncertainty, as evinced by the incredibly wide range of professional opinion available at the moment from amongst the economic and financial commentariat. In the .. read more
The Fatal Conceit of Politicians
Thinking Things Over March 18, 2012 Volume II, Number 11: The Fatal Conceit of Politicians By John L. Chapman, Ph.D. Washington, D.C. The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek, The Fatal Conceit On March 15 the S&P .. read more
Want to Fix the Economy? Fix the Stock Market
Thinking Things Over October 21, 2011 Volume I, Number 14: Want to Fix the Economy? Fix the Stock Market By John L. Chapman, Ph.D. Washington, D.C. An old adage in the investment business posits that “the economy is not the stock market, and the stock market is not the economy.” Like all such aphorisms, there is .. read more
