The Radford Free Press – Page 247 – All life is problem solving.

Libertarian Chaos

May 16, 2012

There’s not much to say. After all the brinkmanship and game playing over the debt limit last year, and after being ridiculed by pretty much everyone, the Republicans are back at it. In an election year and with last year’s plunge in the polls as evidence that voters just don’t agree with their tactics. What […]

Economics / bank reform, banking, JP Morgan Chase, Keynes, Minsky /

Banking and Orthodox Economics: An Ugly Brew

May 15, 2012

Nothing that has emerged about the JP Morgan losses announced last week has altered my original conclusion. This was a basic failure of governance, of regulatory oversight, and of control. Oh, and of orthodox economics. Again. Yes there were rules in place to prevent such losses. They were ignored. Vanity, hubris, call it what you […]

Economics / bank reform, banking, JP Morgan Chase /

Banking Woes

May 11, 2012

Talk about bad timing. JP Morgan, the bank that can do no wrong, has announced a major loss. $2 billion to be precise. Or rather that’s the bit of the loss they know about so far. Banking is just so damn complicated sometimes. It takes a while to figure out how much capital has flown […]

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