The Chancellor announces his bank bailout plan, but has no idea how much money will be needed to stave off collapse of the sector and the economy: more. The Telegraph commentator Liam Halligan argues that the rescue has failed, that banks must fully disclose their liabilities and that losses must […]
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On money and borrowing
In checking the news this morning, I bookmarked a number of pages related to money and borrowing. Their titles tell the story: The next bubble – government borrowing — John Redwood MP Money for Nothing — mises.org Can Friedman’s Money Rule Stabilize the Economy? — mises.org The Fed’s Prescription for […]
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