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The United Kingdom of Massive Debt
Perhaps it is unpatriotic of me to ask, but are France’s shrill politicians right? Is the United Kingdom the weak link? From the Guardian: The entente is no longer so cordiale. As the big credit rating...
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Does the Fed Control the Money Supply?
It depends how you define money. The Federal Reserve controls the monetary base, and has vastly increased it as a result of quantitative easing: But that’s not the same thing as the money supply. The...
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Shadow Banking 101
This article originally appeared in the May 1st edition of The Occupied Times. Meet James. James bought a house. It cost him $150,000, of which $30,000 had come from his own savings, leaving him with a...
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