Obama’s Keystone Cop Regime By Monty Pelerin , posted December 18th, 2009 http://www.economicnoise.com/2009/12/18/obamas-keystone-cop-regime/ Obey The King or The Law? The current economic crisis had its own unique economic and financial aspects. The political response did not. Politicians initially...
The (usually) transparent process of inter-bank lending works so well that most of the time we don't even think about it. This process has largely weaned the public away from physical paper money. Note that most money (about 90%) now exists only as entries on bank ledgers, backed by loans (debt)...
I commented last week on a blog post by leftist Aussie economist John Quiggin , who blamed the financial collapse on investment banks, and suggested that either: (i) investment banking should be much more heavily regulated ("Properly done, regulation of this kind would kill off investment banking...
Posted to
TT's Lost in Tokyo
by
TokyoTom
on Sat, Oct 10 2009
Filed under: John Quiggin, limited liability, moral hazard, investment banks, banking
It's been several weeks since receiving a complementary copy of Larry Sechrest's Free Banking to live blog about, and high time to get started on the task. A few preliminary notes: my main task in this venture is to gain a greater understanding of the Rothbardian charge against fractional reserve...
Speaking at the Asia-Europe summit Chinese Premier Wen Jiabao recently said , “The biggest responsibility is to stabilise the financial order as soon as possible. We need to use all available tools to prevent the crisis from harming real economies.” The Premier's comment is hardly in...
Posted to
Money Memes
by
jimmy
on Wed, Oct 29 2008
Filed under: profitability, accounting, Bankruptcy, Money, Banking, Real economy, Markets, Liquidation