#231: Interview of Jonathan Hoenig on The Workings of Financial Markets (24 July 2013)

Summary: In this 24 July 2013 episode of Philosophy in Action Radio, philosopher Dr. Diana Brickell interviewed Jonathan Hoenig about "The Workings of Financial Markets." Topics discussed include: * 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 For more from Dr. Diana Brickell on the application rational principles to the challenges of real life, visit Philosophy in Action: http://www.PhilosophyInAction.com