Prudential regulation ?
by“Investment firms providing the service of portfolio management shall inform the client where the overall value of the portfolio, as evaluated at the beginning…
Economics
CommonWeal: Forget about the consequences of your actions
byPublic authorities would be allowed to seize land under the “Public Land Value Capture” proposal suggested by the think tank Common Weal. In short, public…
Currency exchange value dynamics
byIn a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant…
Public Goods, National Defense, and Central Planning
byThe competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and…
How Central Banks Stoke Stock Prices
byReading through Security Analysis, the roadmap for investing first published in 1934 by Benjamin Graham and David L. Dodd, I learned something quite interesting: The basis…
Why in a pure free market dollar cannot be an independent entity?
byPrior to 1933, the name “dollar” was used to refer to a unit of gold that had a weight of 23.22 grains. Since…
Central Bank Musical Chairs
byIf recent stock market volatility is interrupting your sleep, Jim Bianco and CNBC’s Rick Santelli are saying, get used to it. The total assets of all central…
A Roman lesson on inflation
by“While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” –…
Can economic data by itself provide early warning regarding boom-bust cycles?
byMost economists are of the view that by means of economic indicators it is possible to identify early warning signs regarding an upcoming recession…
When will the next credit crisis occur?
byThe timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the…