By Franklin Sanders Like some ancient Greek drama the Greek government’s financial failure simply cannot be solved. When the plot backed into an unsolvable corner in ancient Greek tragedy, …
By Franklin Sanders After the bank runs of the early 1930s one of Franklin Roosevelt’s high priorities was somehow to restore faith in the banking system. After all, this …
One thing is certain, that at particular times a great deal of stupid people have a great deal of stupid money ***. At intervals, from causes which are not …
By David Tulis By regulatory fiat, a New York official, Ben Lawsky, has destroyed a Chattanooga Internet financial services business employing 400 people. The lending websites were run by …
Although the European bank solvency crisis is called a “sovereign debt crisis,” it’s really the problem of the banks who hold the bad debt. Beyond that, however, it points …
The debt in pictures (Please read Part 1 of this essay here.) Look at “Chart 1, U.S. Government Debt vs. Household Debt, 1996-2013.” Notice how households went on a …
By David Tulis On the back of the F$1 bill is an engraving of an eagle, a busy bird. On one claw is a clutch of arrows, representing war. …
Every year Chattanooga and Hamilton County publish budgets which discuss the balancing of revenue (from taxation) and expenditures, ostensibly for the good of the client public. Last week Jim …
