Monthly Archives: December 2013

Woody Allen’s Blue Jasmine or Barbaric Expectations

Is it fair that free market philosophy expects you to reinvent yourself, if necessary as a supermarket cashier, if your former existence as state of the art socialite has become untenable? Continue reading

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Another proof that regulation alone cannot produce sound financial markets

The US Security and Exchange Commission has decided to drop mortgage crises-related charges against several big financial institutions. Do we need more proof that regulation alone cannot safeguard the soundness of financial markets? Continue reading

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Poor Bank Examiners!

The new Volcker rule bans proprietary trading by big banks. But considerable systemic risk challenges remain even after the new Volcker rule has been adopted Continue reading

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The Golden Rule is not an end in itself

The Golden Rule isn’t an end in itself. It serves the purpose of peace and harmony. Therefore, it may occasionally be necessary to ignore the Golden Rule if the pursuit of peace and harmony dictates that. Continue reading

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