Regulating towards depression
byEngineering the Financial Crisis by Jeffrey Friedman and Wladimir Kraus, University of Pennsylvania Press, 2011 There have been many books attempting to find and…
Regulation
More regulation is not a good thing
byA common interpretation of the credit crunch and ensuing global turmoil is that it was all down to unregulated or under-regulated financial institutions and…
Europe’s underground economies
byOne significant issue arising in the crisis has been the size of some European underground economies. Politicians seek measures to increase public revenues as…
Financial regulation and the deception of government intervention
byFrom Deception of Government Intervention (1964) – an essay in Mises’ anthology Economic Freedom and Interventionism – we learn how governments adopted “the third way”: Faced…
Financial regulation goes global
byDalibor Roháč of the Legatum Institute and Matthew Sinclair of the Taxpayers’ Alliance have jointly authored a report on the risks of new global…
Regulating while Europe burns
byBritain and the Eurozone hover on the Brink of Banking and Monetary Collapse. Our response? More Regulation. The European Central Bank’s head, Jean Claude…
Proof That the Banking System in its Present Format Cannot be Regulated
byConsider two points: Last Week Mervyn King said in a now famous speech in Manhattan that of all the banking systems it is possible…
Limited Purpose Banking?
byIn April, I reviewed Jimmy Stewart is Dead by Laurence Kotlikoff. Yesterday, Jerry O’Driscoll posted a review of his own: Chapter 1 of the…
The infantilisation of financial services
byVia Bank plans to cap risky mortgages – Telegraph: Mortgage lending would be “capped” to stop borrowers taking out risky loans under radical Bank of…
On the IMF’s bank tax proposals
byThe BBC reports that the IMF has unveiled its interim proposals on a new international tax on the financial sector, ahead of a meeting…