Episode notes
October 6th, 2026
Karl and Chief discuss increasing money supply and the elections. Joel calls in to talk college sports. Finally, Hal jumps on the air to talk about inflation and monopoly vs monopsony.
Guests & Co-Hosts
Karl Denninger
Karl Denninger is an American technology businessman, finance blogger, and political activist, and is sometimes described as a founding member of the Tea Party movement.
He founded and served as CEO of MCSNet in Chicago, originally established as Macro Computer Solutions in 1987. In 1993, the company expanded into commercial internet services, becoming one of Chicago’s early ISPs. Its customers included the Chicago Public Library, for which MCSNet provided internet access and web hosting. In 1997, Denninger led a coalition of ISPs that established the Enhanced Domain Name System, an alternative DNS root that allowed registrants to create their own generic top-level domains.
Denninger ran MCSNet until 1998, when he sold the company to Winstar Communications. The Chicago Sun-Times later recognized him as one of the “movers and shakers” who helped bring Chicago into the Internet Age. After the sale, he moved to Florida and devoted more time to stock trading and political activism.
Dr. Hal Snarr
Dr. Hal Snarr teaches business quantitative methods, money and banking, macroeconomics, and MBA economics and data analysis. He has also taught economics, statistics, econometrics, calculus, and other quantitative courses at Idaho State University, Washington State University, Duke University, and North Carolina A&T State University.
Snarr is an active scholar and educator who enjoys innovative teaching methods, instructional YouTube videos through The Snarr Institute, academic research, and public discussion of economic issues. His research focuses on the effects of government policy on employment, migration, fertility, and participation in public assistance programs.
Skilled in Stata, Snarr constructs panel datasets using Current Population Survey data and policy variables from public sources. He has published numerous peer-reviewed articles, books on macroeconomics, and articles for publications including Mises Daily, and is completing additional books on labor economics. He regularly shares his research and policy perspectives through community forums, newspapers, and radio. He is also known as “Shooting Snarr” on Chicago’s Stocks & Jocks morning talk radio show.
Joel Elconin
Joel Elconin is a trader, market researcher, and regular Tuesday contributor to Stocks & Jocks. He began his trading career in the S&P 500 Index futures pit at the Chicago Mercantile Exchange, where he also worked in index arbitrage and traded foreign currency futures and options.
From 1994 to 1999, Elconin was a proprietary trader for Olde Discount Corporation before founding the Detroit office of Bright Trading, LLC. Since 2003, he has worked as an independent trader, researching and developing proprietary indicators and trading systems for the equities and futures markets.
In 2011, Elconin co-founded Premarketinfo.com and joined forces with Benzinga in 2013. He co-hosts Benzinga’s PreMarket Prep Show and regularly contributes to Benzinga and BenzingaPro.
Elconin earned a B.A. in Political Science from the University of Michigan in 1985 and completed the Chicago Mercantile Exchange Continuing Education Program. He also holds Series 7 and 63 licenses and is a licensed real estate broker.