Posner vs. Block - Lewrockwell.com

Posner vs. Block - Lewrockwell.com
More on fractional reserve banking. Walter Block posts a response to my earlier post . He still says that borrowing money from a depositor is like selling a "square circle": it is a "logical contradiction." It’s not, as long as the contract right

Harper urged to take quick, decisive measures - Globe and Mail
Exactly. The sooner the better. And for the part of the budget ear-marked for Québec, please spend it directly in Montréal ! (If you don't, it will just end up building chalets in the Laurentians, and that's not where it's needed.) Armins copy of

Citigroup: Another Ad Hoc Bailout - Seekingalpha.com
It looks like we have a solution to Citi’s ( C ) crisis. The U.S. government agreed to bailout Citigroup, backing $306 billion of debt in exchange for preferred equity and warrants plus a host of other details I will enumerate below. On the whole

The Hyper-Inflationary Trigger - Nolanchart.com
In a fiat monetary system, there will always be a balancing act between inflation and deflation since the money must be manipulated by the central banking system. It is however, very rare for a fiat system to suffer from deflation because of the very

Citigroup: Where's the Comprehensive Solution? - Seekingalpha.com
Citigroup ( C ) is in serious trouble. The storied institution with $2 trillion in assets has seen its shares collapse and its reputation is in tatters as it goes cap in hand to the U.S. government for a bailout. Indeed, a solution must be found as

This is no 1929 - Globe and Mail
Gord Gilmour from Winnipeg, Canada writes: With respect to Mr. Roberge, I'm sure there were a lot of people in 1930 telling folks this was no Long Depression or Panic of 1873. The bottom line is, nobody knows. I grow weary of all these people who

The Grand Illusion of Global Liquidity, Part 2 - MSN MoneyCentral
An accepted article of economic faith is that failure of economic co-operation, resurgent nationalism and trade protectionism (for example, the Hawley-Smoot Act) contributed to the global financial crisis of the 1930s. The slowdown in central bank