Price

Natural resources are often seen as free inputs that any company may use to produce an output. The exploitation cost alone is how firms assess a natural asset’s monetary value….

“The current inflation episode is just the kind of event that the fiscal theory of the price level can easily describe. It’s simple. The US government printed up about $3 trillion…

The Price of Time: Interest, Capitalism, and the Curse of Easy Money. 2022. Edward Chancellor. Atlantic Monthly Press. Few areas of macroeconomic policy are as important and generate as much…

“If exchanging money [interest-paying reserves] for short-term debt has no effect, it follows inescapably that giving banks more money is exactly the same as giving them short-term debt. All that…

Franklin J. Parker, CFA, is the author of Goals-Based Portfolio Theory, published by Wiley. Last summer, I was having lunch on the shores of Lake Maggiore in Italy with a few other…