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Wednesday, April 1, 2015

Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance

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I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mort...
Tuesday, March 31, 2015

If It Ain't Broken, Don't Fix It: Religious Freedom Act Take II

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Religious Freedom Act Take II I received a number of emails in response to Indiana Legalizes Discrimination on Grounds of "Religious Fr...

Downside Data Surprises in Canada; Bad Weather Up North? How About Recession?

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The string of bad data reports not only applies to the US, economists up North appear to be no better at predicting the weather than US econ...

Economists Fail to Predict Weather Once Again: Chicago PMI Disappoints

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Chicago PMI Disappoints Economists expected a rebound in the Chicago PMI index this month following its collapse last month. Alas, once agai...
Monday, March 30, 2015

Historical Perspective on CPI Deflations: How Damaging are They?

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Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on De...

Indiana Legalizes Discrimination on Grounds of "Religious Freedom"

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Can you refuse service to gays and lesbians? You can in Indiana thanks to the "Religious Freedom" Bill . Indiana Governor Mike Pe...

Ben Bernanke, Confused as Ever, Starts His Own Blog to Prove It

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Ben Bernanke just started his own blog at the Brookings Institute. His first post, from today, Inaugurating a New Blog is the announcement....