Sound Banking
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“Repudiate the National Debt”
“In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic cuts in taxes and government spending, as well as a balanced budget, they were being asked by the White House and their own leadership to…
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“The Radical Banking Reform that Would End the Boom and Bust in Banking”
“We all know what notes and coins are. They allow us to exchange the fruits of our work for the goods of others. When we deposit cash in Bank A – say £100 – we lend this money to the bank. But as soon as you make a deposit it becomes the bank’s. They then…
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“The Political Economy of Crisis Opportunism”
“Like a river suddenly swollen by the collapse of an upstream dam, the ideological current becomes bloated by the public’s fear and apprehension of impending dangers and its heightened uncertainty about future developments. Bewildered people turn to the government to resolve the situation, demanding that government officials “do something” to repair the damage already done…
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To the Tea Partiers: End Imperialism, Take the Money Back — Daily Caller
By Luis Tellez — Increasingly obvious perils of government debt have given rise to public concern, and even alarm. Though some people argue the alarm is exaggerated, there is a growing segment of the population that is thinking long and hard about the future of our country in ways we have not seen before. In…
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“Regulators Tighten Bank Capital Rules”
“Global authorities have settled on their punishment for banks’ role in the financial crisis: a future encumbered by the burden of significantly heavier reserves that will impede the impulse to seek profit through excessive risk taking. Senior regulators from 27 countries agreed on Sunday at a meeting in Basel, Switzerland, that lenders should be forced…
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The German Miracle: Another Look
Earlier this summer George Soros and some leading Keynesian economists criticized what they regarded as Germany’s overly strict fiscal discipline. Yet Germany’s real output expanded at a robust 9% annual rate in the second quarter, while the U.S. economy grew at an anemic 1.6% rate. So is Germany now a role model for how to…
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“Debt, financial crisis hurt U.S. competitiveness”
“Government debt and deficits have emerged as a chief concern among developed world economies, as a decline in tax receipts during the recession and an increase in spending on stimulus programs combined to require record levels of government borrowing. Crafting an “exit strategy” – cutting annual deficits without undermining economic growth by doing so too…
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“Burry of ‘The Big Short’ Bets on Farmland, Gold After Profits on Subprime”
“Gold is also a favored investment as central banks issue debt and devalue their currencies, he said. Governments haven’t adequately addressed the causes of the financial crisis and may be sowing the seeds for future problems by borrowing, he said. In the U.S., lawmakers showed they didn’t understand how to prevent another crisis when they…
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How Long Until Financial Reform Kills Small Firms and Drives Big Firms to Hong Kong?
“This week, financial advisors have been informed of some new disclosure and reporting rules. As expected, the impact of the Dodd/Frank Bill is already foreshadowing a ridiculous amount of additional paperwork – mostly silly work as one of my colleagues would call it. Financial regulation is a double-edged sword and changes were necessary, no arguments…
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“Ron Paul: Financial Reform Solved Nothing”
“Just pretending that we can continue with the same monetary policy, the same Federal Reserve system, and all these guarantees sort of concedes that we’re going to have another bubble. If we have regulations and plans for how we distribute these assets later on, it just says that nothing has changed. That’s another reason why…
-
“Repudiate the National Debt”
“In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic cuts in taxes and government spending, as well as a balanced budget, they were being asked by the White House and their own leadership to…
-
“The Radical Banking Reform that Would End the Boom and Bust in Banking”
“We all know what notes and coins are. They allow us to exchange the fruits of our work for the goods of others. When we deposit cash in Bank A – say £100 – we lend this money to the bank. But as soon as you make a deposit it becomes the bank’s. They then…
-
“The Political Economy of Crisis Opportunism”
“Like a river suddenly swollen by the collapse of an upstream dam, the ideological current becomes bloated by the public’s fear and apprehension of impending dangers and its heightened uncertainty about future developments. Bewildered people turn to the government to resolve the situation, demanding that government officials “do something” to repair the damage already done…
-
To the Tea Partiers: End Imperialism, Take the Money Back — Daily Caller
By Luis Tellez — Increasingly obvious perils of government debt have given rise to public concern, and even alarm. Though some people argue the alarm is exaggerated, there is a growing segment of the population that is thinking long and hard about the future of our country in ways we have not seen before. In…
-
“Regulators Tighten Bank Capital Rules”
“Global authorities have settled on their punishment for banks’ role in the financial crisis: a future encumbered by the burden of significantly heavier reserves that will impede the impulse to seek profit through excessive risk taking. Senior regulators from 27 countries agreed on Sunday at a meeting in Basel, Switzerland, that lenders should be forced…
-
The German Miracle: Another Look
Earlier this summer George Soros and some leading Keynesian economists criticized what they regarded as Germany’s overly strict fiscal discipline. Yet Germany’s real output expanded at a robust 9% annual rate in the second quarter, while the U.S. economy grew at an anemic 1.6% rate. So is Germany now a role model for how to…
-
“Debt, financial crisis hurt U.S. competitiveness”
“Government debt and deficits have emerged as a chief concern among developed world economies, as a decline in tax receipts during the recession and an increase in spending on stimulus programs combined to require record levels of government borrowing. Crafting an “exit strategy” – cutting annual deficits without undermining economic growth by doing so too…
-
“Burry of ‘The Big Short’ Bets on Farmland, Gold After Profits on Subprime”
“Gold is also a favored investment as central banks issue debt and devalue their currencies, he said. Governments haven’t adequately addressed the causes of the financial crisis and may be sowing the seeds for future problems by borrowing, he said. In the U.S., lawmakers showed they didn’t understand how to prevent another crisis when they…
-
How Long Until Financial Reform Kills Small Firms and Drives Big Firms to Hong Kong?
“This week, financial advisors have been informed of some new disclosure and reporting rules. As expected, the impact of the Dodd/Frank Bill is already foreshadowing a ridiculous amount of additional paperwork – mostly silly work as one of my colleagues would call it. Financial regulation is a double-edged sword and changes were necessary, no arguments…
-
“Ron Paul: Financial Reform Solved Nothing”
“Just pretending that we can continue with the same monetary policy, the same Federal Reserve system, and all these guarantees sort of concedes that we’re going to have another bubble. If we have regulations and plans for how we distribute these assets later on, it just says that nothing has changed. That’s another reason why…
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