RECOMMENDED READING

Wall Street moves around billions, if not trillions of dollars every day. But the way companies are managing their assets may only be helping shareholders and stock prices without creating much real-world value, according to a recent study by the American Compass.

American Compass executive director Oren Cass found in a firm-level analysis of business investment that money once allocated to productive assets — including capital, wages and intellectual property — is mainly being diverted to shareholders. The report concluded that prioritizing these short-term payouts to investors over long-term investment is hindering growth and worsening inequality.

Continue Reading at Daily Caller
Recommended Reading
Michael Pettis on Dollar Dominance

Oren is joined by Michael Pettis for an in-depth discussion of the dollar as the global reserve currency: pros, cons, and what it all means for the American economy.

How Republicans learnt to love bigger government

The era of “the era of big government is over” may itself now be over, writes Oren Cass in the Financial Times.

Talkin’ (Policy) Shop: The American Appetite for Government

On this episode, Oren and Chris dive into our latest survey results on American attitudes toward the role and scope of government.