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Francis X. Diebold , Neil A. Doherty , Richard J. Herring

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or...

Jeffrey Tucker

The state makes a mess of everything it touches, argues Jeffrey Tucker in Bourbon for Breakfast. Perhaps the biggest mess it makes is in our minds. Its pervasive interventions in every sector affect...