fbpx

stable currency

Where Do We Begin? Define What It Means To Be A Bank

By |2017-01-19T16:05:42-05:00January 19th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It may sound overly basic, but the times being what they are there is a very well deserved need to be elementary about certain things again. That starts with banks and really defining what is and is not one. When money was money, banking was a very simple procedure, though not quite so stylized and rudimentary as it is often [...]

Where Do We Begin? No More Targets

By |2016-11-02T18:11:42-04:00November 2nd, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In the seventeenth episode of the second season of the Comedy Central cartoon South Park, the show introduces one of its longest lasting memes that has survived despite the first airing being nearly twenty years ago, and all the vulgarity and seemingly gratuitous violence in between. Titled Gnomes, we find one of the main character’s underpants (seriously) being stolen by [...]

Where Do We Begin? Thinking Seriously About Convertibilty

By |2016-11-01T18:39:55-04:00November 1st, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Throughout Milton Friedman’s (and Anna Schwartz) seminal book A Monetary History he tries to make the case that suspension of convertibility would have alleviated much of the suffering of the Great Depression. It had in the past worked in that sort of capacity, choking off the suffering of systemic runs just enough so that emotion could die down and cooler [...]

Doomed to Repeat

By |2014-10-07T15:08:19-04:00October 7th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

I’m not too sure about the relationship between skipping dental appointments and the tendency of markets to crash, but in terms of gaining some anecdotal insight into economic function and consistency there may be some value in tracking something like that. As I noted on a couple prior occasions, the movie business, for example, has spun a horrendous 2014 starting [...]

Go to Top