Homines libenter quod volunt credunt
Posted in Politics on Mar 13th, 2009
Here is yet another indication of his brilliance: House Financial Services Committee chairman Barney Frank agreed that officials believed at the time that the good times would last and that bank failures would not be a problem.” That is in reference to 95% of banks not paying into the FDIC insurance fund between 1996 and […]
Posted in Flotsam and Jetsam on Mar 13th, 2009
This is not why I play, by the way.
Posted in Corporatism, Money on Mar 13th, 2009
“whatever advantages are to be derived from banking operations all citizens would be free to enjoy alike … the system is odious to the free spirit of our civil institutions … and detrimental to sound banking because confidence supposedly induced by the supposed sanctity of charter, enables the unworthy and dishonest managers of a bank’s […]
Posted in Macroeconomics on Mar 13th, 2009
The economic literature continues to produce work that questions how realistic the Obama stimulus projections are: Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice […]
