Financial Crisis

There Was No Contagion

Thursday, October 23rd, 2014 by posted in Banking, Capitalism, Economics.

If you use the word “contagion” these days, people are likely to think you’re talking about ebola. Backup five years ago, and contagion was the buzzword to describe the financial crisis. The European government bond market was falling apart, and

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Rothbard’s Remedy

Thursday, March 6th, 2014 by posted in Economics, History.
RothbardChalkboard teaser

Reprinted from Economic theories don’t lend themselves to laboratory testing, so the work of a national appraisal firm is especially enlightening. A new study lends support to the Austrian business cycle theory, which says that the less government is

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The Financial Crisis and the Free Market Cure

Thursday, February 27th, 2014 by posted in Banking, Capitalism, Economics.
Freddie-Mac-headquarters-in-Mc-18775781 teaser

Many statists keep repeating that unfettered capitalism and deregulation have caused the crisis we are currently living. Nothing could be farther from the truth; a crisis this big can only have one source, which is government intervention. With its immense

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Say’s Law and the Permanent Recession

Monday, February 24th, 2014 by posted in Capitalism, Economics, History.
jean-baptiste-say teaser

Mainstream media discussion of the macro economic picture goes something like this: “When there is a recession, the Fed should stimulate. We know from history the recovery comes about 12-18 months after stimulus. We stimulated, we printed a lot of


It Isn’t Capitalism that Has Caused the Crisis!

Thursday, May 30th, 2013 by posted in Capitalism, Economics.
enjoy capitalism

Reprinted from The financial journalist Lars Schall talked for Matterhorn Asset Management with seasoned investment banker and renowned economist Prof Thorsten Polleit whether the financial system can adjust by itself, whether central banks are needed or not, and whether the

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Paul Krugman and Zombie Financial History

Thursday, February 21st, 2013 by posted in Capitalism, Economics.
Paul Krugman teaser

Reprinted from Murray Rothbard liked to say that economists often tended to specialize in the area where their knowledge was the worst, and given Paul Krugman’s butchery of the historical record, I’d say Rothbard had a good point. Regular

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Zombie Nation

Thursday, January 17th, 2013 by posted in Capitalism, Economics.
zombie teaser

Reprinted from the Daily Bell Creating and sustaining a nation of zombies is expensive. Large sections of the US population have been turned into zombies. Retirees. Medicare dependents. Food stamp recipients. Disabled people. They are not necessarily bad people. They


The Role Value At Risk (VaR) Played in the 2008 Financial Crisis

Thursday, December 20th, 2012 by posted in Banking, Capitalism.
skyline skyscraper teaser

What is Value At Risk? In the aftermath of the 2008 financial crisis, a myriad of factors leading to the calamity were extensively examined by various public and private entities. It became apparent that some factors had played more of


Alan Greenspan Asked for Advice, Do People Ever Learn?

Saturday, May 12th, 2012 by posted in Banking, Capitalism.
Alan greenspan

Unbelievable. That is the only way to express this author’s utter bewilderment that former Federal Reserve chairman Alan Greenspan is still given an outlet to speak his mind.  Actually, I am surprised Mr. Greenspan has the audacity to show his

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Did Repealing Glass-Steagal Really Matter?

Monday, December 26th, 2011 by posted in Capitalism, Economics, History, Politics, Regulation.
Banking Act 1933

More than three years have passed since the financial crisis hit the United States like a speeding semi-trailer hits a Mini Cooper. Economic growth remains depressed while the unemployment rate stays elevated above 8% despite massive government spending and monetary

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