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You searched for: label/Idiocy

Still Sleazy After All These Years

…also idiocy. Stockman must understand that shadow banks don’t take deposits and don’t benefit from deposit insurance. He should also know that they are not allowed to borrow from the…

CM + IT = Disaster

…look at the cash on hand (excess reserves) at the banks. Ignoring my natural tendency to rant about the idiocy of paying interest on reserves–LET ALONE EXCESS RESERVES–that’s breaking the…

Worst Tax Ever

…I swear even if I tried, I couldn’t come up with an policy proposal that bad. Oh gracious conference committee save us from the idiocy of these Northmen (and Snowe)….

Are We in a Liquidity Trap ?

…argument which is so theoretically unsound probably wouldn’t survive if it weren’t supported by actual experience. Now this argument might rely on an underestimate of human idiocy, but I find…