Macro Meditations Has Moved
Macro Meditations is moving! After some reflection, I've moved MM to https://macromeditations.blog so that TKeiser.com can focus on entrepreneurship and computer science.…
Jack Bogle, Oligopsony, and Capitalism (Part I)
When a daring pioneer passes on to what we wistfully refer to as "the other side", I find it only natural that we have a public retrospective. The words I feel obliged to write are not mere pleasantries.…
Homo Economicus Paradox (Part I)
In my last dispatch, I laid out a plan to explore how the application of consensus economic theory to public policy has gone astray. Today, I’ll begin tackling a fundamental tenet of economic thinking: the rational investor. Economists rarely admit this assumption is troublesome…
Embarking on a Journey of Inquiry
For years, I have read prevailing economic consensus with considerable bemusement. "Keep my own counsel", I would oft repeat. Pillorying prominent academics is unwise, I brooded. Yet, my reticence to speak must be cast aside. Economics is no longer a mere academic topic.…