The distinguished-looking gentleman in the portrait is Walter Bagehot (pronounced “badget”). Dubbed “The Greatest Victorian”, Bagehot was a founder of…
Basel: Faulty – The Financial Crisis Revisited
In Which it is Proven that Bad Regulation Caused the 2008 Financial Crisis The key culprit: the Basel Capital Standards…
Prepare for a Pivot on Steroids
The Federal Reserve is Suffering Massive Operating Losses When Politicians Wake Up, This Will Be a Political Football Stock Returns…
The Looming Liquidity Crisis and How to Fix It
Fed securities sales are draining bank reserves The Fed no longer backstops the Treasury market Bank capital and liquidity rules…
Schumpeter in a Nutshell
An Annotated Outline of “Capitalism, Socialism, and Democracy” (CSD.) Hello fellow (and budding) Schumpeterians! Thanks for taking the time to look…
