by Mike Kimel Pethokoukis Blaming Congress From his perch at Reuters, James Pethokoukis writes (and this is his title) about 4 ways Congress caused the financial crisis. He quotes from…

…the BOE – the Old Lady of Threadneedle Street – has actually played a uniquely constructive role amongst central banks in the area of financial services reform proposals. King, and…

…cause a financial collapse. And should a government like Greece be allowed to default, the next realization could be that Greek depositors will take losses, and, therefore, the entire euro…

…like a “real” sale rather than debt on the financial statement. That’s a perfect example of the fact that tax theory pays attention to economic substance, whereas accounting somehow sets…

…or financial innovation, that’s basically all there is. Governments and banks are the two entities with the power to create something from nothing. If total spending power is to grow,…

…Eight Centuries of Financial Follies”, has occasioned much comment in the press and blogosphere (see here and here) The book purports to show that once the gross debt to GDP…

…‘70s oil crisis to foster and protect an sustainable alternative energy industry, deregulation of financial and commodity markets that have consequently bred inflationary speculative activities on a disastrous scale. And…

…How large can the ratio of damage to losses be ? My answer is it can be infinite — that it is possible for irrational investing to destroy the financial…

…members cope with financial volatility, reducing the economic disruption from sudden swings in capital flows and the perceived need for excessive reserve accumulation. As recovery takes hold, we will work…

…on this, too, of course. But briefly: Capital gain preferences are enjoyed primarily by the wealthy, who hold the vast majority of the financial assets. The country has witnessed massively…