All Posts Tagged With: "financial markets"
The Pretense of Regulatory Knowledge
“The financial system’s size, complexity and global nature defy attempts to chart its future.” –Robert Samuelson, Washington Post
26Apr2010 | Sheldon Richman | 0 comments | ContinuedA High Word-to-Fallacy Ratio, Indeed
“What kind of society gives that kind of money to people who produce … nothing?” –Chris Matthews, April 1, on the record 2009 salaries of hedge-fund executives And what kind of society pays Chris Matthews all that money say totally ignorant things on television every night? (I’m assuming I don’t have to comment on Matthews’s [...]
2Apr2010 | Sheldon Richman | 4 comments | ContinuedThe Foxes Are Watching the Hen House
In unveiling his “sweeping overhaul of the financial regulatory system” yesterday, President Obama said, “These proposals reflect intensive consultation with leaders in Congress, including those who are here today: Chairman Dodd and Chairman Frank….”So the latest government scheme to manage the financial markets in response to the recent debacle are two of the chief architects [...]
18Jun2009 | Sheldon Richman | 0 comments | ContinuedMore Bad Economics Reporting
Robert Higgs masterfully demolishes an AP story about Barack Obama’s alleged plan to reconstruct (!) the financial markets. Read and enjoy here.
15Jun2009 | Sheldon Richman | Comments Off | ContinuedThe Subprime Crisis Shows that Government Intervenes Too Little in Financial Markets?
Start with two assumptions. No. 1: banking and financial markets are inherently unstable. No. 2: government intervention into banking and financial markets can only stabilize (never destabilize). You’ll find it easy to conclude that any period of market instability we experience, like the recent subprime-lending problem, is the market’s fault and that it could have [...]
1Oct2008 | Lawrence H. White | 0 comments | ContinuedCorporate Accounting: Still Evolving After All These Years
Chris Edwards is director of fiscal policy at the Cato Institute. Politicians were quick to blame recent accounting scandals on failures in the free-market system. But financial markets are far from free, and the government deserves a share of the blame for the scandals. For example, the distortionary tax code causes corporations to amass too [...]
1Feb2003 | Chris Edwards | 0 comments | ContinuedThe Fed: The Inside Story of How the World’s Most Powerful Financial Institution Drives the Markets
Reviewed by Larry Schweikart Martin Mayer has been writing books on banking for years, and never lacks for a publisher. His books tend to ramble, however, and this one is no exception. Worse, they tend to reinforce erroneous notions about the supposed need for government intervention in financial markets and institutions. Mayer begins with a [...]
1Aug2002 | Martin Mayer | 0 comments | ContinuedThe Financial Century: From Turmoils to Triumphs by Reuven Brenner
Stoddart • 2001 • 214 pages • $39.95 Reviewed by Pierre Lemieux In his latest book, McGill University economics professor Reuven Brenner argues that when private sources of capital are not easily available through financial markets, governments or criminals become financial intermediaries, which is not conducive to prosperity and liberty. He draws on a large [...]
1Jun2002 | Reuven Brenner | 0 comments | ContinuedFinal Comment on Salerno’s Monetary Program
I am not going to re-argue the points of difference between Salerno’s arguments and mine in this final rejoinder. The reader must decide for himself which parts if any of our respective views are most logical and most useful in dealing with the events under scrutiny. I find that nothing in Salerno’s final account refutes [...]
1Sep2000 | Richard H. Timberlake | 1 comment | ContinuedAre Financial Markets Inherently Unstable?
“There is an urgent need to recognize that financial markets, far from trending towards equilibrium, are inherently unstable.” —George Soros1 In the aftermath of the collapse of emerging economies in Asia, eastern Europe, and Latin America, many prominent economists and speculators, from Paul Krugman to George Soros, have called for government intervention in financial markets. [...]
1Jan1999 | Mark Skousen | 2 comments | ContinuedIt’s No Gamble: The Economic and Social Benefits of Stock Markets
Theodore Roosevelt once quipped, “There is no moral difference between gambling at cards or in lotteries or on the race track and gambling in the stock market.” John Maynard Keynes echoed this view: “When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be [...]
1Sep1996 | Robert Batemarco | 0 comments | ContinuedA Speculator Talks About Free Markets
Victor Niederhoffer is president of Niederhoffer & Niederhoffer, Inc., a commodities trading advisor. Managed Accounts Reports ranked his global hedge fund number one out of 144 funds in its class during the three years ending June 1995. This article is adapted from his forthcoming book, The Education of a Speculator (Wiley). French Finance Minister Michel [...]
1Jun1996 | Victor Niederhoffer | 0 comments | Continued-
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