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Jonathan Hoenig on The Workings of Financial Markets

Radio Interview: 24 July 2013

I interviewed Jonathan Hoenig on "The Workings of Financial Markets" on Philosophy in Action Radio on 24 July 2013. Listen to or download the podcast below.

Financial markets are often vilified – and misunderstood. How do financial markets work? What impact do they have on the economy? Are they dangerous – or beneficial? What is the government's current versus proper role in financial markets?

Jonathan Hoenig is portfolio manager at Capitalistpig Hedge Fund LLC. He appears regularly on Fox News.

Tags: Economics, Economy, Finance, Law, Politics, Productivity, Rights, Trade

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  • Duration: 1:08:30

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Subjects Discussed

The subjects discussed in this episode were:
  • The nature and workings of financial markets
  • About hedge funds
  • The workings of trading
  • The purpose of the markets
  • The rationality of traders
  • The basis of prices
  • Traders as "speculators" and "greedy"
  • The risk of markets
  • Innovation in financial markets
  • The hours of markets
  • Labor theory of value and zero-sum trades
  • Government regulations on financial markets
  • The ban on advertising hedge funds
  • The negative effects of regulations
  • The ban on onion futures
  • The financial crisis
  • The proper role of the governments in financial markets
  • Government regulations on price
  • Limits on hedge fund investors
  • Bitcoin
  • "Greed Is Good: The Capitalist Pig Guide to Investing" and Ayn Rand

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About Philosophy in Action

I'm Dr. Diana Hsieh. I'm a philosopher specializing in the application of rational principles to the challenges of real life. I received my Ph.D in philosophy from the University of Colorado at Boulder in 2009. My book, Responsibility & Luck: A Defense of Praise and Blame, is available for purchase in paperback, as well as for Kindle and Nook. The book defends the justice of moral praise and blame of persons using an Aristotelian theory of moral responsibility, thereby refuting Thomas Nagel's "problem of moral luck."

My radio show, Philosophy in Action Radio, broadcasts live over the internet on Sunday mornings and most Thursday evenings. On Sunday mornings, I answer questions applying rational principles to the challenges of real life in a live hour-long show. Greg Perkins of Objectivist Answers co-hosts the show. On Thursday evenings, I interview an expert guest or chat about a topic of interest.

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