Government Issued Bullion

Tarek Saab, President of GoldandSilverNow, has posted an opinion on investor preference for Government issued bullion over private mints. Tarek favours private mints and discusses some of the arguments put forward for Government coins. As seems to be my habit, I offer come comments:

“If one doubts the integrity of our politicians and the . . . → Read More: Government Issued Bullion

Is Money a Message as Well as a Medium?

Money is the medium of exchange as well as the unit of account and store of value. As the medium of exchange money makes life easy because we don’t have to spend a lot of time trying to find someone who is prepared to trade the goods we want to buy for the goods . . . → Read More: Is Money a Message as Well as a Medium?

Inequality at Birth

Emmanuel Saez’s work on income inequality has been getting a lot of attention recently, for good reason. He has shown the extent to which inequality has grown rapidly in recent years. The benefit of economic growth this decade has gone almost exclusively to the extremely rich. The top 1% of . . . → Read More: Inequality at Birth

Resolving Banks in Trouble: Looking Beyond the Good Bank / Bad Bank Model

There is a somewhat cliched old diagram that shows what we’re supposed to do when a bank gets into trouble. There are some nervous questions about this these days, but I still think the essence holds:

Solvent but illiquid

When a bank gets into trouble, the first question to ask is: Is it . . . → Read More: Resolving Banks in Trouble: Looking Beyond the Good Bank / Bad Bank Model