Our Malinvestment In President Obama Will Bring Painful Consequences

The choice for the status quo made in last week’s presidential election was an uninformed one—at no fault of the voters—made in the fog of monetary distortion and Federal Reserve Chairman Ben Bernanke’s continuous campaign of disinformation.

President Barack Obama managed to overtake Republican challenger Mitt Romney on the exit poll question “Who is better [...]


The Austrians And The Swan: Birds of a Different Feather

This article was written by Mark Spitznagel, the founder, owner, and Chief Investment Officer of Universa Investments, LP, a $6 billion hedge fund located in Santa Monica, California. Mark is a student of Austrian economic theory and uses those ideas in his investment strategy. This paper originally appeared on Universa’s site [...]