Monthly Archives: November 2011

Another Way to Deal with Bankrupt Banks

Bailouts of bankrupt and failing banks is not the only way to go. It transfers the costs of failure from the companies and people involved to the taxpayers. In other words, heads I win (bonuses), tails you lose. Read Why … Continue reading

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It’s Not All Gloom and Doom

Thank you Barry Ritholz for posting Clarke and Dawe on the European Debt Crisis. These two comedians are always worth taking a break to watch.

Posted in Happy Days | 2 Comments

What is Money?

FPOFOA (Friend of a Friend of Another) is the pseudonym of a blogger who writes about money and finance from the Austrian School of Economics point of view. He/she is not necessary a True Believer, but more a friendly critiquer … Continue reading

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Peer to Peer Lending in US & UK

Financial Times posted an article, Interest soars in US peer-to-peer lending with a picture of a group of people, some with the Guy Fawkes masks popularized by the movie Vendetta. A sign in the background has 99% written on it. … Continue reading

Posted in DWS | 2 Comments

Austrian School Economics

“Where you stand depends on where you sit” (proverb) and “which way you face” (Terry Pratchett). Germany and Austria experienced hyper-inflation in the early part of the last century. The Austrian school of economics is aimed at preventing inflation. The … Continue reading

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Paul Volcker on Financial Reform

Paul Volcker was the Federal Reserve Bank chair for many years (Wikipedia bio here).  He is still active and speaks the unpleasant truth too much for any office requiring Senate confirmation.  He is still worth paying attention too, and perhaps … Continue reading

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Unemployment and Education, Not What You Expect

Sometimes it is best to let an idea or a draft set a spell before publishing. As I walked out of the office, I realized that I was asking, “What is the composition of the unemployed by education level?” And … Continue reading

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Unemployment and Education

Unemployment Rate by Level of Education demonstrates the value of having an education. The unemployment rate for those with less than a high school education is 3 to 4 times those with at least a bachelor’s degree. This is true … Continue reading

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