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CRAIG COLUMBUS, CENTER FOR VISION & VALUES Many hard questions have been raised in response to the Federal Reserve’s decision to embark on open-ended bond buying or quantitative easing (“QE”). Can we afford it? Will it create jobs? Will the decision undermine the Fed’s long-term credibility? Few have asked, though,...
CRAIG COLUMBUS, CENTER FOR VISION & VALUES A costly computer trading glitch involving market maker Knight Capital has intensified the debate over the effects and value of high-frequency algorithmic trading. The holding period for most of these strategies is measured in milliseconds. Specially designed computer algorithms blast out millions of...
CRAIG COLUMBUS, CENTER FOR VISION AND VALUES This is the time of year when 2012 prediction lists abound. I am struck by how many lists have included some reference to a surge in American entrepreneurship during the next year. Entrepreneurs are clearly being counted upon to act as one of...