Amar Bhide: The Case for Traditional Banking
Amar Bhide gives a clearly-written, compelling argument against a supposed banking “innovation,” securitization.
Read more...Category Archives: Credit markets
The Year in Money
A review of money issues…and mainly not bitcoin.
Read more...Crowdfunding Christmas: Time to Boycott It’s a Wonderful Life
How It’s a Wonderful Life sentamentalizes and reinforces the misguided policy idea that money is scarce and a private good.
Read more...Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy
An important, accessible takedown of the loanable funds theory, on which a ton of bad policy rests.
Read more...The Bitcoin Bubble
As bitcoin has become a mania, it is also becoming a risk to the real economy.
Read more...Germany’s Dystopian Plans for Europe: From Fantasy to Reality?
For Germany, the idea of Europeanism has allowed its elites to conceal their hegemonic project behind the veil of ‘European integration’.
Read more...New Potential Credit Risk Bombs: Exotic, ‘Nonlinear’ and Private Transactions
Beware of old CDO risk re-imaged as “nonlinear finance”.
Read more...Student Loans: Teacher Horror Story a Reminder of Failure to Fix Broken Servicing Model
Democrats fiddle as lousy servicing of student loans further harm borrowers.
Read more...US Treasury Rates Hit Nine-Year Highs
But the yield spread collapses to lowest since early in the Financial Crisis. Even the Fed is worried.
Read more...Why Those Looking for the Next Crisis May be Looking in the Wrong Places
More and more experts are nattering nervously about market risk and occasionally using the “crisis” word. What are the potential hazards?
Read more...Biometric ID Fairy: A Misguided Response to the Equifax Mess that Will Only Enrich Cybersecurity Grifters and Strengthen the Surveillance State
Surrendering biometric information and fancy technology provide no panacea for the problems revealed by the Equifax hack.
Read more...Catalonia: Puigdemont Promises Secession in Days as King Censures Officials Acting Outside the Law
Gaming out possible moves by Spain if Catalonia proceeds with its secession plan.
Read more...Trump Says Puerto Rico Debt Needs to be Wiped Out
Trump speaks an inconvenient truth about Puerto Rico. How long before his minders walk it back?
Read more...Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt
MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.
Read more...Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
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