Voluntary Exchange Sources

It’s winter in the Northern Hemisphere – a season when environmental concerns seem most strange. (And no, I’m not talking about cold winters providing evidence against global warming, for they are not: Climate is the long-term sum of volatile short-term weather patterns, patterns that themselves...

The recent GameStop short-squeeze drama has riveted financial markets. Given the historic unpopularity of short sellers (e.g., Holman Jenkins has written that “short-selling is…widely unpopular with everyone who has a stake in seeing stock prices go up”), the resulting heightened invective against them is not a surprise. Unfortunately,...

(Don Boudreaux) Tweet“Who’s Robbin’ Who?” My old buddy Roger Koppl has written a superb explanation of Robinhood, the Redditors, and the regulators. A slice: No one specifically decided to give the Redditors a smackdown. So everything’s great, then? No! The regulatory environment is not meant to...

Image credit: istockAnalysis and Commentaryvia The Grumpy EconomistDavid Battan writing in the WSJ brings come clarity to Robin Hood's trading stop. It raises some questions for me, however. Much of the problem seems to stem from two-day clearing and settlement, and brokers lending people money to...

David Battan writing in the WSJ brings come clarity to Robin Hood's trading stop.  It raises some questions for me, however. Much of the problem seems to stem from two-day clearing and settlement, and brokers lending people money to trade. Instant settlement and at least...