The Failure of Orthodox Economics: An Interview with L. Randall Wray

December 16th, 2013 by Kara in Economics, Essays

Seven Pillars Institute’s Travis Strawn had an interview with L. Randall Wray to get his views on Modern Monetary Theory, why conventional monetary theory is just plain wrong, how to solve the problem of economic inequality, and why he would fire 99.9% of people working at the Fed. Senior Scholar L. Randall Wray is a professor of economics and research director of the Center for Full Employment and Price Stability at the University of Missouri–Kansas City. His current research focuses on providing a critique of orthodox monetary policy, and the development ...

Shining a Light on Dark Pools

December 4th, 2013 by Kara in Case Studies

The modern conception of dark pools is a fairly recent development. In 1986, Instinet established the first truly modern dark pool: After Hours Cross. Instinet’s pool was soon followed by,among others, ITG‘s Posit. Worldwide, growth of dark pools has climbed in recent years. As of 2013, dark pools are most predominant in North America, notably in the United States, where they account for approximately 13% of trading volume. The forerunner of modern electronic dark pools was “upstairs trading”. Buyers and sellers met in the upstairs rooms of brokerage companies to discuss the ...