Day: June 4, 2024

How I Introduced My Students to Personal Finance

Along with a 10-year corporate career, I studied in American business schools for about nine years, culminating in a Ph.D. from Columbia in 1991—Columbia was different back then because I did not need to file a “diversity, equity, and inclusion” plan. Then and now, though, American business schools have been long on theory but short […]

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Inflation Is Not a Monetary Phenomenon

Idealistic, fanatical libertarians—the Mises types, Rothbardian and Randian—like to shout from the rooftop that “inflation is a monetary phenomenon.” But that’s mastery of the obvious. Maybe there are still some five-year-olds out there who imagine inflation to be the fault of merchants raising prices so as to screw their clients and, thus also the fault […]

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