Archive for November 11th, 2009
First Principles
In response to the draft release of Dodd’s proposal for financial regulation, Yves Smith goes all old-school and asks the most fundamental question that is no longer a “thinkable” thought. What on earth is the public purpose of these things?
Banks are set up and supported by government for the further benefit of the macro economy [...]
Posted: November 11th, 2009 under The Dismal Science.
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