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Perhaps the biggest crux of the crisis in 2008 (aside from the naked CDSs) were the trading of mortgage backed securities. Banks, in their...
Far too much risk, and I have severe doubts about such a policy's effectiveness. You're talking about vastly reducing the lending pool all for...
Seriously? A 100% reserve requirement actually sounds appealing to you? Every single bank would no longer be able to lend, effectively...
Awesome point. Our ability to exchange paper green/white pictures of historical figures for goods/services from developing nations is very much...
That can't happen. The Primary Dealers Act of 1988 states that dozens of the largest banks in the world (called primary dealers) are required by...
Touche...shows you how much I know. ;) If the Brits had been running massive deficits before Cameron and undergoing rounds upon rounds of QE,...
I'm not intimately familiar with what the UK politics, but I don't see stagflation happening without a massive supply shock of some...
I'm still finding it funny that there are folks that genuinely believe the faux-analysis of: 1. Gas prices doubled from 2009-2012 2....
Just for kicks, I'll try a different approach. :) Should debt-increasing policies enacted/signed-into-law by Bush (but continued as a matter of...
Is what I'm saying really so hard to understand? You can't have meaningful trends with just two points. By that logic... When comparing gas...
Perhaps you misunderstood my point. What do you think about the trends? I can easily cherry-pick a few meaningless points as well: Gas prices...
Are you deliberately choosing not to respond to what some of us have posted about the trends in gas prices and unemployment? Don't get me...
Gas prices more than doubled during Bush's second term, peaking in July 2008. Prices then plummeted for six months afterwards because we were in...
Interesting... Would you also agree that it's silly to assume the groundwork for the current economic mess wasn't also laid during W's time?
The Euro was bound to fail the moment it began 1. A score of countries with vastly different economies 2. Voluntarily giving up monetary...
The modern chartalist (or MMT) explanation of the banking system makes a heck of lot of sense to me. I don't know if you've read some of Warren...
I can't help but wonder if the Fed and Treasury's relationship with each other and the primary dealers is intentionally kept quiet to preserve the...
My mistake then... The first part would only be false if the the Primary Dealers Act were passed purely for the purpose of pulling wool over...
You've already asked that question, and I've already given you my opinion, but I guess you didn't read it.
basso, that video makes two unfortunate assumptions. 1. All types of government spending is equal You know as well as I do that this isn't...