Sound Banking

Wednesday, July 14th, 2010
"Farmer Jim Kreutz uses derivatives to soften the blow should the price of feed corn drop before harvest. His brother-in-law, feedlot owner Jon Reeson, turns to them to hedge the price of his steer.
Wednesday, July 14th, 2010
The style of Money and Banking: The American Experience is one of article and comment. An author provides an article on the issues of money and banking in the U.S.
Wednesday, July 14th, 2010
"Throughout history, financial crises have always been caused by excesses—frequently monetary excesses—which lead to a boom and an inevitable bust. In our current crisis it was a housing boom and bust that in turn led to financial turmoil in the United States and other countries.
Monday, July 12th, 2010
"According to New York Times columnist Thomas L. Friedman in his mega-best-selling book Hot, Flat, and Crowded, China banned plastic bags a few years ago. "Bam! Just like that--1.3 billion people, theoretically, will stop using thin plastic bags," he gushed.
Friday, July 9th, 2010
"Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points.
Thursday, July 8th, 2010
"In 1998, four renegade German professors tried to stop the introduction of the euro with a legal challenge in Germany's highest court. Now, 12 years later, they are fighting against a German bailout for Greece -- and this time around, people are listening to them.
Wednesday, July 7th, 2010
Over recent months, much has been made of the rapid increase in public debt levels. Protests against excess government spending in the U.S. and severe economic problems in debt-laden European countries have forced the federal debt to the forefront of national issues.
Wednesday, July 7th, 2010
"The Congressional Conference Committee worked all night on Friday, June 25, finally quitting at 5:37 in the morning, so that President Obama could go to the G-20 Summit in Canada saying that Congress had finished a bill.
Wednesday, July 7th, 2010
Is the world finally looking to the ideas of Friedrich Hayek? It appears that the intellectual debate may be heading in a new direction. Stimulus spending has done practically nothing to reduce unemployment or spur growth; instead it has merely inflated the deficit and enraged taxpayers.
Wednesday, July 7th, 2010
"Committee members at the Bank of England and some economists have been puzzled by persistently high inflation in Britain, causing some concerns that the country’s recovery might stagnate.
Wednesday, July 7th, 2010
The debates raging over what policies will pull the U.S. economy out of its Great Recession replicate one that occurred during the Great Depression. Thanks to the efforts of Richard Ebeling, a professor of economics at Northwood University, we have compelling and concise documentary evidence.
Wednesday, July 7th, 2010
"Many people claim today that the U.S. economy is in a “liquidity trap” and only government can spend us out of this mess.
Wednesday, July 7th, 2010
"Alan Greenspan shares the story of his life first simply with an eye toward doing justice to the extraordinary amount of history he has experienced and shaped.
Tuesday, July 6th, 2010
In the aftermath of the financial crisis, the U.S. public debt-to-GDP ratio has been receiving special attention.
Tuesday, July 6th, 2010
"In the second half of 2010, the U.S. will experience "slower economic growth than we've had in the first and second quarter," Fisher told the Japanese business daily Nikkei. He estimated U.S. growth of 2%-3%, saying that the figure will likely come "closer to the low end of that range."
Friday, July 2nd, 2010
On Wednesday, I posted a link to F.A. Hayek’s “The Use of Knowledge in Society”.
Thursday, July 1st, 2010
"China’s government said the world’s third-biggest economy is heading in the right direction and business people and economists expect “relatively fast” growth to continue.
Wednesday, June 30th, 2010
""There are limits to what policy can do," especially to improve the nation's labor market, Evans said in a television interview on CNBC.
Wednesday, June 30th, 2010
"With the House of Representatives poised to vote on the latest version of financial regulation perhaps as soon as late Wednesday afternoon, the political spotlight has turned to a Republican senator who has been in office for less than five months and who forced what the Obama administration had ho
Wednesday, June 30th, 2010
"The U.S. economy continues in its longest and deepest downturn since the early 1930s, the first downleg of the Great Depression. This structural contraction already shows characteristics of a depression. Particularly protracted and deep, it will remain unresponsive to traditional economic stimuli.

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