Stock as a medium of exchange

Stock as a medium of exchange

| Argentina, inflation, medium of exchange, stock market and equities, Zimbabwe

American Depository Receipt (ADR) for Sony Corp You've heard the story before. It goes something like this. There's one unique good ...

Getting naked: in praise of naked short selling

Getting naked: in praise of naked short selling

| short selling, stock market and equities

Photo by Spencer Tunick , Netherlands 8 (Dream Amsterdam Foundation) 2007 [ link ] If short sellers are considered to be the Mussolinis of t...

A market for corporate votes

A market for corporate votes

| corporate voting, short selling, stock market and equities, Warren Buffett

Berkshire Hathaway annual general meeting When you purchase a share you're not only getting the opportunity to make some extra cash. You...

Using restricted stock studies to measure liquidity

Using restricted stock studies to measure liquidity

| barter, liquidity premium, stock market and equities

I like to say that everything is money, which is just another way of saying that all goods are liquid to some degree or other. Whether it be...

It was the best of times, it was the worst of times

It was the best of times, it was the worst of times

| Irving Fisher, money illusion, Scott Sumner, stock market and equities, System of National Accounts

You may know by now that the final revision of U.S. first quarter GDP revealed a shocking 2.9% decline while its mirror image, gross domest...

The monetary economics of the roll-up

The monetary economics of the roll-up

| Carl Menger, liquidity premium, stock market and equities

The so-called corporate "roll up" lies at the conjunction of finance and monetary economics. For those monetary econom...