Saule Omarova Beth and Marc Goldberg Professor of Law Cornell Law School Ithaca, NY Dear Professor Omarova, As you probably know, I'm among the critics of the plan for "democratizing money" that you outline in your forthcoming Vanderbilt Law Review article. I disagree with it enough to…
This essay, the first of a series on government efforts to bank the “unbanked,” reviews the history of postal banking and its deleterious role in the Great Depression. Subsequent posts will discuss contemporary proposals for government involvement in retail banking, such as through the U.S. Postal Service…
There is a fundamental shift taking place in the financial services industry as technology is enabling startups and incumbents alike to lower the cost of banking and investing, provide more widespread access to financial services, and increase the efficiency of our capital markets. However, with this innovation…
Instances of self-styled Austrian economists bungling their banking theory seem almost as common these days as instances of theologians bungling their cosmology were six centuries ago. One such instance, by the Cobden Centre's Sean Corrigan, occurs in the course of a long and meandering series of posts…