Farmers and Hedging
I found this New York Times article extremely interesting. The general question it raises is a good one: do new financial products and increasing liquidity in financial markets actually help non-financial entities (in this case farmers) manage risk? The more specific questions are also interesting: i.e. why do these futures contracts consistenly expire at prices [...]
Shards of the Republican Party
I thought this article in the Weekly Standard was fantastic. National Review frequently reiterates (yes, I do read it frequently, even though I wouldn’t consider myself a Republican) their standard position that a Republican candidate must win all 3 wings of the Republican party (the “Reagan coalition” of social, fiscal, defense conservatives) in order to [...]
