Monthly Archives: December 2011

Don’t Bail Out the Banks, Bail Out the Economy

It’s recently been argued that central banks working as a lender of last resort makes no sense under a fiat money system. Being insolvent and being illiquid is virtually the same thing when the central bank can just print money. … Continue reading

Posted in Economics, History | Leave a comment

Captured in Passing: 10,000 Feet over New York, New York

Captured in Passing: 10,000 Feet over New York, New York

My picture, taken while flying back to Chicago on 11/27

Continue reading

Image | Posted on by | Leave a comment