Archive for June 2nd, 2011

The Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It Can’t Get Up

The Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It Can’t Get Up

So many economists and financial pundits seem absolutely shocked that the U.S. economy is slowing down again.  It is as if this latest wave of bad economic data has caught them completely by surprise.  Now, in the mainstream media we are seeing all kinds of headlines declaring that the U.S. economy is headed for...
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Posted in OP/ED | 1 Comment »

The Moral Hazard of Modern Banking: How Banks Create and Destroy Money

The Moral Hazard of Modern Banking: How Banks Create and Destroy Money

“I’m just a banker do doing God’s work.”  — Lloyd Blankfein Much has been said about both the moral hazard of banks being bailed out and people bailing out of mortgages. The major question raised was would this ‘bailout’ contagion infect the integrity of our economic and political system.  But far more interesting and much...
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Posted in National News, OP/ED | 2 Comments »