The Horse Has Left the Barn
Banking regulation has become a topic once again.
Enjoy this excerpt from a new article by Terry Burnham
Even though social mood has rallied and the crisis has eased, governments and banks continue to prioritize themselves by trying to depress interest rates, a strategy economists refer to as “financial repression.”
Recent big bank analysis conjures up Edgar Allen Poe’s story, “A Descent into the Maelström,” in which a man recounts how he, but not his two brothers, survived a shipwreck and a whirlpool.
People are happier even as bank creation reaches zero and legislators of one U.S. state noodle how they might approach secession.