Financial Markets

The department of some firms will do anything for a buck:

To conclude then, as long as the pool of real funding available to Americans is still growing, and as long as the growth momentum of liquidity is heading up, US financial markets will remain well supported regardless of the yen carry trade.

It’s one thing for a firm to guard its own secrets, and enforce those rules with internal sanctions.

We can thus conclude that it is irrelevant for the multiplier process whether the central bank targets the quantity of money or the interest rate. What matters here is that the central bank is always ready to accommodate commercial banks' expansion of credit out of thin air. Without the central bank's support the likelihood of a sustained multiplier process taking place is close to nil. Hence the notion of the money multiplier is not applicable to a truly free-market economy.

Ah, nothing focuses the mind that a good ol’ fashioned stock market sell-off.

In a previous post I discussed how Robert Samuelsson absurdly tried to attribute the tech s

Presented to the Auburn University Libertarians; Auburn, Alabama, on 17 February 2007.

There is a definite connection between fiat currencies and trade deficits.

An Asia Times piece by Zhou Jiangong earlier this week describes a complica

The discrepancy between the relative position of the US economy in the world on the one hand and the relative position of the United States as to its military presence and the role of the US dollar on the other hand is moving towards a cracking point.