Money and Banks

A fun little absurdity — AOL has a teaser that purports to show how a c

I was amazed that when Muhammad Yunus, head of the state-supported, quasi-socialist, regimentation-promoting Grameen Bank, received his Nobel Prize

MAN Financial chief economist Dr Frank Shostak has a warning for investors.

It seems that the policy of transparency (transparent tampering) that Fed policy makers are striving to implement under the banner of achieving price stability might not be that good for the health of the economy. Also, it is a contradiction in terms to suggest that by means of manipulation of the price indexes and interest rates the Fed could somehow set the basis for the efficient allocation of resources and fulfill the role of an agent for economic growth.

From Portfolio.com:

In recent essays in Roll Call and the

Now that the housing bubble is starting to burst, it’s time to address the really important questions: whose fault was it?

A correspondent on the LRC blog refers to the

The two birds: My wife’s desire for additional landscaping; and, your carbon guilt. It’s really simple.

Because of Iran's great oil wealth, it has been able, thus far, to stave off a hyperinflationary blow-off.