The author argues for the widespread use of market values when assessing bank conditions, prompt corrective action by regulators, limiting deposit insurance protection to ensure market discipline, and shifting the political equilibrium.
Tuesday, July 8, 2025
Shining a Light on the UK Government’s Disingenuous Role in Trying to Kill Cash
It should perhaps come as little surprise that when it comes to protecting the right to pay in cash, the UK government prioritises freedom of choice for businesses (to reject cash) over freedom of choice for citizens (to use it).
Senators Alarmed By Use of Rent-Setting Algorithm, Say It’s Helping Drive Inflation
How much is “information sharing” between mega property management companies driving the rise in housing costs?
The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
Bostock v. Clayton County: One Innocent’s Excursion into Sex v. Gender
A review of Bostock, with a critique of self-identification
2:00PM Water Cooler 3/30/2023
Today’s Water Cooler
“Biden’s Awkward Democracy Summit”
The US trying even harder to tout the virtues of its ideas of democracy is not winning friends or influencing people.
Crypto Mining at Gas Wells Sparks Regulatory Headaches, Outcry in Northwestern Pennsylvania
Before obtaining the required permits, Diversified Energy began installing cryptocurrency mining infrastructure on one of its thousands of well pads.
Austerity for the Plebes, Bank Rescues for the Rich
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Why the Repeal of Anti-Union Laws in Michigan Boosts Workers Nationwide
The union revival is gaining ground, with the latest win being the reversal of a “right to work” law in Michigan.
European Gas Prices Extend Gains As French Strikes Block LNG Imports
The economic effects of the massive French strikes are starting to extend beyond France, although so far in a limited way. Is more to come?
2:00PM Water Cooler 3/29/2023
~ Today’s Water Cooler ~
Herman Daly (1938-2022): The Economist for Our Time
The double question implied throughout Herman Daly’s work as an economist is this: “Is the economy for the people, or are the people for the economy?” nomy for the people, or are the people for the economy?”
