Joakim Book
Research Fellow
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The Myth of Imminent Collapse
Worries about civilizational collapses by the Thunbergs and Extinction Rebellions of the world are exaggerated. We are nowhere near the brink of disaster.
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In Defense of Share Buybacks
“The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.” ~ Joakim Book
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The Return of the Century Bond
Following the last few years of record-low yields, first on government debt and more recently on private sector debt, we have seen an unexpected twist: the renewal of this long-dead market.
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If You Are Early, You Are Wrong
Before a financial meltdown, there is no way to tell with certainty that such a financial meltdown is imminent, even though a lot of pundits and cranks try.
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•
Why Shouldn’t Brazil Burn Its Rainforest?
Instead of reproaching politicians, sensationalizing the news, or projecting imminent environmental disaster, let’s consider the more intriguing idea: maybe Brazil should clear more of its rainforest rather than less.
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•
Bitcoin’s Fixed Money Supply Is a Weakness
Contrary to what maximalists believe, Bitcoin’s fixed supply is its major drawback to becoming the world’s preferred money, especially so if it is not accompanied by fractional-reserve Bitcoin banks.
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•
Rothbard’s First Impressions on Free Banking in Scotland Were Correct
Nothing in Rothbard’s later view manages to cast doubt on his earlier view and White’s thesis, much less refute them.
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•
The Life and Times of Bagehot, the Greatest Victorian
Bagehot would certainly not qualify as very libertarian — even though his contemporary raging in favor of free trade, unregulated banking, and minimum government might suggest so.
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•
Egregious Errors in The New Yorker’s Account of Financial History
For a child of a banker, John Lanchester manages to get a lot of banking backwards.
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•
The Wonderful Technology of Banking
Modern banking is a wonderful technology. Understanding how regulation shapes it and contributes to the outcomes we observe is of great importance.
-
•
The Myth of Imminent Collapse
Worries about civilizational collapses by the Thunbergs and Extinction Rebellions of the world are exaggerated. We are nowhere near the brink of disaster.
-
•
In Defense of Share Buybacks
“The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.” ~ Joakim Book
-
•
The Return of the Century Bond
Following the last few years of record-low yields, first on government debt and more recently on private sector debt, we have seen an unexpected twist: the renewal of this long-dead market.
-
•
If You Are Early, You Are Wrong
Before a financial meltdown, there is no way to tell with certainty that such a financial meltdown is imminent, even though a lot of pundits and cranks try.
-
•
Why Shouldn’t Brazil Burn Its Rainforest?
Instead of reproaching politicians, sensationalizing the news, or projecting imminent environmental disaster, let’s consider the more intriguing idea: maybe Brazil should clear more of its rainforest rather than less.
-
•
Bitcoin’s Fixed Money Supply Is a Weakness
Contrary to what maximalists believe, Bitcoin’s fixed supply is its major drawback to becoming the world’s preferred money, especially so if it is not accompanied by fractional-reserve Bitcoin banks.
-
•
Rothbard’s First Impressions on Free Banking in Scotland Were Correct
Nothing in Rothbard’s later view manages to cast doubt on his earlier view and White’s thesis, much less refute them.
-
•
The Life and Times of Bagehot, the Greatest Victorian
Bagehot would certainly not qualify as very libertarian — even though his contemporary raging in favor of free trade, unregulated banking, and minimum government might suggest so.
-
•
Egregious Errors in The New Yorker’s Account of Financial History
For a child of a banker, John Lanchester manages to get a lot of banking backwards.
-
•
The Wonderful Technology of Banking
Modern banking is a wonderful technology. Understanding how regulation shapes it and contributes to the outcomes we observe is of great importance.