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Rather Than All Efforts Aimed At Making Central Banks More Efficient
Leave it to a self-described socialist to undermine his own argument. Decrying the apparent overabundance of personal hygiene and fashion, presidential candidate Bernie Sanders took to confounding as...
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What Comes Next; Part 1, Useful History of the 20th Century
Value as a foundation seems almost too literal to be an economic or financial concept, but it is perhaps the bedrock association that makes the economic system. We are used to aspects like profits and...
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What Comes Next; Part 2, The Looming Transformation
Part 1 is here, the history of defining systemic operation since 1907. The quest over equality or the “right” to impose optimal outcomes is one that cannot go backward. The inevitable failures lead no...
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Where Do We Begin? Thinking Seriously About Convertibilty
Throughout Milton Friedman’s (and Anna Schwartz) seminal book A Monetary History he tries to make the case that suspension of convertibility would have alleviated much of the suffering of the Great...
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Where Do We Begin? No More Targets
In the seventeenth episode of the second season of the Comedy Central cartoon South Park, the show introduces one of its longest lasting memes that has survived despite the first airing being nearly...
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Elements Of Money
When life gives you lemons you intend to make lemonade, but in days long gone they often had to make due only with what was on hand. Some of the greatest scientific discoveries were by pure accident,...
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Financialism, Not Capitalism
Thirty-nine delegates signed the United States Constitution in September 1787, but three refused to. George Mason, Edmund Randolph, and Elbridge Gerry were against the final draft of the document,...
View ArticleWhere Do We Begin? Define What It Means To Be A Bank
It may sound overly basic, but the times being what they are there is a very well deserved need to be elementary about certain things again. That starts with banks and really defining what is and is...
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Some Hope Amidst The Countdown
In October, YouGov partnered with the Victims of Communism Memorial Foundation to conduct the latter’s annual poll on US attitudes towards socialism. There was, as usual, some good and bad news...
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Of Incomplete Plans and Recoveries
At the monthly press conference China’s National Bureau of Statistics (NBS) now regularly gives whenever the Big Three economic accounts are updated (this time along with quarterly GDP), spokesman Liu...
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