Pulse on the Market

Stock Prices and the Fed

August 8, 2016 | By Robert P. Murphy

People have been citing recent record-highs in the U.S. equity markets as a refutation of the naysayers. It’s worth looking at the still tight connection between the S&P 500 and   — View Full Article

How Much Would You Pay to Vote?

May 27, 2016 | By Robert P. Murphy

For some reason, even scholars familiar with economics lose the ability to “think on the margin” when it comes to the matter of voting. For example, Cato senior fellow Jim   — View Full Article

Keynesians on Treasury Default: Depends Who’s in the White House

May 14, 2016 | By Robert P. Murphy

Progressive-leftist commentators Paul Krugman and Matt Yglesias are aghast at Donald Trump’s (now retracted) musings that he might give a haircut to Treasury securities in the event of a fiscal   — View Full Article

Voting “Strategically” Is Nonsense

May 5, 2016 | By Robert P. Murphy

I haven’t voted in years, and it used to be that my stance would anger lots of people. The one good thing about this election is that the prospect of   — View Full Article

China and Japan Dumping Treasuries

April 19, 2016 | By Robert P. Murphy

For months the financial press has reported that China has been “dumping” U.S. Treasury securities, but until I looked up the official figures for our forthcoming episode of the Lara-Murphy   — View Full Article

Pay Tax Now or Later?

March 28, 2016 | By Robert P. Murphy

One of the biggest stumbling blocks to those considering the purchase of a dividend-paying whole life insurance policy is that the premiums to fund the policy are not tax-deductible. In   — View Full Article