Irrationality, the F-Word and Keynesian Economics

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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It's Fed day! Get ready with our morning train reads:

  • 99 Reasons Why 2016 Was a Good Year (Medium); see also State of Technology, 2016 (Stratechery)
  • The Irrationality Within Us: Why we are not as rational as we think, and why that matters (Scientific American)
  • What Would Bertrand Russell Say About Russell Index? (Real Clear Markets)
  • Expected Risk (Wealth of Common Sense)
  • The "F-Word" Never Sounded So Sweet: "Fiduciary" term finally catches on -- just as the GOP threatens to change retirement-savings rule (Wall Street Journal)
  • Keynesian economics: is it time for the theory to rise from the dead? (the Guardian)
  • Under Trump, red states are finally going to be able to turn themselves into poor, unhealthy paradises (Wonkblog)
  • It’s Like Reddit, Without the Trolls: Imzy, started by two former Reddit employees, wants to be a kinder, gentler version of the controversial discussion site. (Bloomberg Businessweek)
  • The graffiti kids: How an act of teenage rebellion sparked the Syrian war (Globe and Mail); see also This Is What Aleppo Looked Like This Year (BuzzFeed)
  • "Rogue One" is the first Star Wars movie to acknowledge the whole franchise is about war (Vox)

What are you reading?

Anxious Mutual-Fund Industry Holds ‘Seismic Shift Senior Leadership Forum’   

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Brooke Sample at bsample1@bloomberg.net