New ‘Speed Bump’ Planned for U.S. Stock Market

Cboe Global Markets Inc. is seeking to introduce a brief delay on one of its markets, becoming the latest U.S. stock-exchange group to attempt to hit the brakes on high-frequency traders, people familiar with the situation said. The plan shows how “speed bumps” have proliferated...
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Does America have an income inequality problem or an opportunity problem?

Should the fight against inequality be the Democrats’ defining cause? The party’s rising tribe of left-wing economic populists — headed up by Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) — would answer with a resounding “yes.” But another...
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The Implications of Banning Share Buybacks

American corporations are simply raking in profits. Some are so bloated and cash-rich they literally can’t figure out what to do with it all. Apple, for instance, is sitting on nearly a quarter of a trillion dollars — and that’s down a bit from earlier this year....
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WSJ: Should we repeal the debt limit?

Over the past eight years, high-stakes negotiations in Congress over the federal debt limit have repeatedly brought Washington to the verge of default. We were on opposite sides of these debates, as senior policy advisers to President Obama and Senate Republican Leader Mitch...
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The Speech That Transformed European Markets—Five Years Later

Five years ago, European Central Bank chief Mario Draghi took the stage in London to give the speech that ushered in the beginning of the end of the continent’s sovereign-debt crisis. Several features of the financial panic that had characterized the previous two years began to...
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Are conservatives turning against one of their core economic principles?

What if conservatives’ longstanding obsession with maximizing GDP growth and efficiency has actually been a catastrophic blunder? Many leftists and progressives might respond, “Well, duh.” The news is that one of conservatism’s big thinkers may agree. Read...
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The Week: The Trump administration’s dumbest idea yet

Idon’t know about you, but when I wake up in the morning, after dressing modestly  and saying my prayers, the first thing I do is shed a couple of hot tears for the rich. Think of poor Jeff Bezos, who has watched numbers go up on a screen for eight whole months and only...
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Is the Federal Reserve wrecking America?

Another month, another entry in the long record of the Federal Reserve failing the American people. It was the winter of 2015 and genuine full employment was obviously still a long way off. But out of a fear of inflation, the Fed began tightening monetary policy anyway, thus...
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How will the Catholic Church survive the scandals?

How will the Roman Catholic Church survive the scandals engulfing it on every side? It’s a hyperbolic question, but one with a serious intent. Of course the church will continue to exist in some form. Two-thousand-year-old institutions with a billion adherents and solid...
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What is the fiduciary rule? And why might Trump kill it?

Confused about the fiduciary rule and when it begins? Take a look at what the word fiduciary really means, both in the financial services industry and beyond. See more at MarketWatch.
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