China is conducting regulation to address market failures in the free market economy Education has to provide all an equal start. Data protection addresses the question of who owns their own data, people or platforms. Monopolies have to be regulated so that price falls between marginal and average costs. This is the compromise forgotten by

Most investment professionals will tell you market timing is impossible. Now I am saying that not only is it impossible, it is important as well.  Simplistically, the last time we saw stock valuations this high (S&P500 at 26X) was in 1999. If you invested then in the S&P500, and held on for 12 years, until

The picture of free markets and decentralized decision making is somewhat misleading. Companies are not democracies but highly organized and often hierarchical structures. Companies interact with one another and with their customers in a free market. Today’s capitalist economies look more like collections or coalitions of centralized control communicating with one another in a free

You will hear a lot of talk about inflation in the financial media. Here are some thoughts about it. I don’t think inflation will rise or if it does that it will be protracted. But I am keeping my interest rate sensitivity low and keeping a keen eye on inflation data. Asset markets have either