News from Korea: Bank run fears engulf savings bank industry
byWith a hat tip to Sean Corrigan, via the Korea JoongAng Daily, we learn that their savings industry has been engulfed by a panic:…
February, 2011
Commodity prices then and now
byAs subprime mortgages tanked in May 2007, Ben Bernanke, Chairman of the Federal Reserve, told Congress “At this juncture, however, the impact on the…
The importance of traders and the evils of bankers
byAnother classic article from James Tyler, brought forward Trader: One whose business is trade or commerce. Trade and commerce is the lifeblood of wealth…
Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?
byA trillion here, a trillion there … why worry about where it goes? Unbelievable. This is a high quality version of the Financial Services…
The corporate virtue of bankers
bySenior bankers make a lot of money and take a lot of risk. This combination strikes most commentators and politicians as revealing sad failures…
Do the Fed Chairman’s comments on the economy make any sense?
byIn his speech at the National Press Club, Washington, DC on February 3, 2011 the Federal Reserve Board Chairman Ben Bernanke repeated that the…
The violation of Mr Smith
byForty years ago today, Britain moved to decimal currency. A 1971 penny was worth the equivalent of today’s 10p. In recognition of this dramatic…
Inflationism unabated
byIn his recent Congressional testimony, our dangerous monetary Dr. Moreau was forthright in defence of his latest wild experiment in inflationism, saying that the…
Pricing the World in Gold: 4 Charts
byEquities, housing, commodities and bonds viewed through the prism of what money once was… WHAT WOULD the world look like if, as a handful…
Mark Skousen’s contributions to economics
byFollowing my review of Mark Skousen‘s paper on GDE, I was pleased to discover this piece by Ken Schoolland, Professor of Economics, Hawaii Pacific…