Too Big to Fail: How the Federal Reserve Encourages Reckless Behavior

Too Big to Fail: How the Federal Reserve Encourages Reckless Behavior
Because these activities are not sufficient, a central bank is set up as lender of last resort. In the U.S., it is the Fed. To better understand the necessity of central banking in fractional-banking, one must understand how the Fed conducts monetary …
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Forex Flash: All points to persisting recession in the EMU – Merrill Lynch
… that the European crisis has mutated over the last three years, from a "periphery" phase in April 2010-June 2011 to ebbing confidence in Spain and Italy's ability to maintain market access plus doubts about ECB willingness to act as lender of last …
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An Austrian School Solution to the Problem of Fractional Reserve Banking
Because fractional-reserve banking is an unstable house of cards, governments see the need to regulate banks, provide deposit insurance, set up a lender of last resort, and adopt a too-big-to-fail doctrine. Given that the inflation genie cannot be …
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