I am generally of the mind that banks and other financial insitutions that make bad investments should just be allowed to fail. Failures purge the system of bad companies and allow the system to heal faster. The very last resort should be nationalization as the UK did with Northern Rock. That’s why this report disturbs [...]
The WSJ economics blog has an interesting entry on the SWF assets. They may not be as much as they seem:
If sovereign wealth funds really have $3 trillion in assets why haven’t they bought even more of the U.S. and Europe?
Christopher Balding, an analyst at the Milken Instititue, a Santa Monica, Calif., think tank, gives [...]
Sean Corrigan has a long, but very accurate article at Mises.org about the banking system and why it is at the root of our current problems. Here’s an excerpt but by all means read the whole thing:
With a certain weary inevitability, the cries of pain emanating from those seeing their aspirations ground to dust amid [...]
I was surprised to find this editorial in Forbes, usually a bastion of free markets and free trade. Peter Morici, a professor at the University of Maryland School of Business (good lord I hope he’s not an economics professor) and former Chief Economist at the US International Trade Commission during the Clinton Administration, fills his [...]
