Stable Money Supply: The Real Way to Help the Poor

I am happy to note that the Tea Party, which appeals to me personally, is gaining traction and power, which adds more political overtones to my life and gets me, a shameful Republican, away from the loathsome Republicans (except Ron Paul), which have acted almost as despicably as the Democrats.

I cheerfully denounce them . . . → Read More: Stable Money Supply: The Real Way to Help the Poor

Frontiers of Across-Silo Thinking in Indian Finance

India has long operated a `silo system’ where the financial industry was sought to be broken up into vertical silos associated with regulatory agencies. The word `regulation’ is relatively little understood in India. Instead, there has been a central planning notion of comprehensive `control’ of a given financial firm vesting in a given regulator, . . . → Read More: Frontiers of Across-Silo Thinking in Indian Finance

Demographics and the Anatomy of International Capital Flows

After a week where the deck of cards that make up the Eurozone got its so far largest jolt and where there is now not only an imminent danger of a total economic collapse in Greece but also, much more worryingly, signs that Germany herself are beginning to tire of a common monetary union . . . → Read More: Demographics and the Anatomy of International Capital Flows

Economic Events on April 12, 2010

At 2:00 PM EDT, the Treasury budget for March will be released.  The consensus is a deficit of $62 billion, after a deficit of $220.9 billion due to spending on stimulus projects and TARP outlays.  Historically, the U.S. Treasury has run an average deficit of $108 billion over the last 10 years, so if . . . → Read More: Economic Events on April 12, 2010