Mark Spitznagel

Mark Spitznagel is Founder and Chief Investment Officer of Universa Investments. Spitznagel is the author of The Dao of Capital: Austrian Investing in a Distorted World and was the Senior Economic Advisor to Rand Paul.

Bob Dylan as Economic Prophet

Change is the defining feature of our modern age. But you would never know it when surveying today’s financial market landscape.

Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.

07/14/2017FedWatchMark Spitznagel

The central bank critics today who were not critics of the great bailouts and stimulus have reserved their criticisms for what hurts their interests.

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.