COVINGTON, LA. (Nov. 29) - Buck Higgs, a down-at-the-heels hobby farmer living four miles north of this small southeast Louisiana town, said today that he would seek a banking charter from New York State’s banking department, a key step in his effort to change his business model and attract deposits. …
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Buck Higgs Closer to Becoming a Bank
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Need Health Care? Go to Mexico
http://www.independent.org/blog/?p=588Porfirio Díaz, the Mexican strongman of the late nineteenth and early twentieth century, famously described his country’s situation by exclaiming, “¡Pobre México! ¡Tan lejos de Dios y tan cerca de los Estados Unidos!” (Poor Mexico! …
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Free Marketeer Vaclav Klaus to Become President of European Union
http://www.independent.org/blog/?p=581Just when it looked like statism was in an unchallenged political trajectory in the U.S. and Europe, the classical liberal President of the Czech Republic, Dr. Vaclav Klaus, stands to become the next President of the European Union, the world’s biggest trading bloc. Needless to say, those who F. A. …
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Giving Up Control
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Confused by Fiction
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Interpreting the Monetary Base Under the New Monetary Regime
http://www.marginalrevolution.com/marginalrevolution/2008/12...is that the tremendous increase in the base shows that the Fed is trying to expand the money supply like crazy but nothing is happening, i.e. a massive liquidity trap. (Krugman is not alone in this interpretation, see e.g. this post by Bob Higgs). Thus, Krugman concludes, Friedman was wrong both about monetary history and monetary theory. Krugman's interpretation, however, neglects the fact that the monetary regime changed when the Fed began to pay interest on reserves.
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The Militant Libertarian
http://militantlibertarian.blogspot.comacross from Texas. U.S. hospital firms are now investing in the construction of new care facilities in Mexico, to serve Mexicans, to be sure, but also with an eye toward the norteamericanos who are expected to seek their services. Read the rest: http://www.independent.org/blog/?p=588 ----- Got comments? Email me, dammit! Permanent link for this article which can be used on any website:
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Buck Higgs Closer to Becoming a Bank
http://www.surviveabear.com/buck-higgs-closer-to-becoming-a-...deposits. This action comes immediately after Goldman Sachs announced that it had won the same kind of charter in an “effort to change its investment banking model and gather deposits.” Two months earlier, Some great bear market investing tips in this post.
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The Virginian Rebel
http://www.virginianrebel.comAs a result of the enormous regulatory burden on the US healthcare system and improving quality of Mexican healthcare, many medical tourist are visiting our southern neighbor where costs are as much as 2/3 less. Robert Higgs reports some interesting findings.
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Right Truth
http://righttruth.typepad.com/right_truthFrom the Independent Institute,by Robert Higgs: To Get More of Something (e.g., Unemployment), Subsidize It Ronald Reagan was no economist, but his economic logic was impeccable when he declared, “If you want more of something, subsidize it; if you want less of something, tax
