Irving Berlin, most commonly remembered around this time of year as the songwriter of "White Christmas," also wrote a song called "Debts" (alternate title: "We'll All Be in Heaven When the Dollar Goes to Hell"). He apparently wrote it in 1933. I was not aware of it…
Here's my small contribution to what J.P. Koning calls "The great monetary injection debate of 2012." (See also George Selgin's post two below.) It's a third-hand anecdote told to me by Larry White, who heard it from an African economist when Larry was chairing a conference whose…
It is the time of year when many publications and blogs list what they consider to have been the best books of the year. I am giving a new twist to this old practice by limiting consideration to books on money and banking that contributors to this…
Fannie Mae and Freddie Mac continue to distort the mortgage markets and are nowhere near a proper wind down after four years in government conservatorship. I reviewed the SEC reporting for each of them over the past few years and found that they still have total assets…
"The people have spoken, the bastards." — Dick Tuck, in his concession speech in a race for the California State Senate in 1966 "Imagine if all of life were determined by majority rule. Every meal would be a pizza. Every pair of pants, even those in a…