10 Tuesday AM Reads
My Tuesday morning reads: • The Debt-Equity Distinction: A Century of Policy by Accident: Daniel Peris asks what if much of what we treat as normal is a historical fluke. Modern finance could not exist without widespread debt financing — and the rules that produced it were never really designed. (American Affairs) • The Moose That Roared:… Read More The post 10 Tuesday AM Reads appeared first on…
My Tuesday morning reads include a piece titled "The Debt-Equity Distinction: A Century of Policy by Accident" by Daniel Peris. He questions whether much of what we consider normal in modern finance is merely a historical coincidence, given that widespread debt financing is essential for the sector to function. The rules that produced this system were never intentionally designed, according to Peris.
Another article worth reading is "The Moose That Roared: Why US will lose its trade war with Canada" by Paul Krugman. Krugman notes that the prospect of a trade war between the US and Canada would have appeared absurd just two years ago. The two countries share the same language, had soldiers fighting alongside each other in Afghanistan, and have enjoyed free trade agreements since 1988, with the most recent one signed by President Trump.
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