Tag Archives: Banking

India: Banking Reform & Credit Allocation

Dominant political majorities politicize banking.  In the United States, banks have been regulated to the point of dysfunction.  It continues this way because it serves the policy goals of a dominant political class.  Keeping banks near insolvency isn’t a policy … Continue reading

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Federal Reserve: Out of Ammo, AGAIN.

Myths die hard in America.  So it goes with the idea of the ‘Phillips Curve’ and the belief that an institution can control both labor market activity and inflation simultaneously.  Even though Reagan & Volcker killed this ideological behemoth, the … Continue reading

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