There's a popular myth that all economic growth comes from the private sector, that governments necessarily work inefficiently, that government...
Please explain why you think that all trade with external entities that do not use the same currency would have to be eliminated and I'll tell you...
Read my most a few times. I'm not playing word games or assigning arbitrary definitions. I give a clear reason why I treat "sovereign control" the...
Governments provide the necessary infrastructure for the private sector to operate. They do this by providing jobs in the military, in law, in...
Not true. To peg a currency is to surrender sovereign control of your currency to another nation. It introduces a foreign standard just like...
Iceland has been a disasterous experiment in monetary policy. For years it floated double digit interest rates which spawned a financial industry...
The EMU should start a treasury department that would be capable of financing the budget deficits of countries like greece and portugal. Such an...
Argentina and Russia both had dollar-pegs at the time of default, which is what got them into trouble. There have been no defaults of countries...
Debt monetization is a great tool to add liquidity and stabilize interest rates. It does not cause "political and social unpleasantness" but it...
You're making three mistakes: 1. If bondholders are always returned their principle and interest then there is no default or bankruptcy. 2....
Not necessarily. The previous post was adressed to anyone who would entertain the notion of the Japanese government going bankrupt. You've made...
If you think that a government can go bankrupt when its liabilities are issued in its own currency then you're clueless. The japanese government...
A vacant life lived...
QE2&3 don't work Yields on the 10yr Treasury bond drop to 1.5% France leaves the EMU and reintroduces the Franc
I always keep an eye on the IPO market as a sentiment gauge. The Bankers who take companies public always have a large network they utilize to...
This just begs the question. The same question could then be asked in reference to the 10 minute fractal.
Jack, the following question involves the use of DOM and granularity in order to identify the change between dominant to non-dominant on our...
I went camping in Schwarzwald, Gemany this summer and set up camp next to a Colombian-American family. The Pater-Familias was stationed in Bavaria...
Thanks, I'll look into Blanchot and Jebes. Usually I avoid french intellectuals like the plague but I'm willing to give them a chance since they...
Thanks Wallace, good find.
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