My last post argued that, despite what Diamond and Dybvig’s famous theory suggests, bank runs…
Category:
Investing
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The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas…
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On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic…
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By the start of 1948, there could no longer be any doubt: the Great Depression…
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In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional…
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Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human…
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Senator Rob Portman (R-OH), the ranking member of the Senate Homeland Security and Governmental Affairs…
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In assessing the possibility that a severe downturn occurred at the end of WWII, I…
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It was supposed to be a debacle. As the Second World War drew to a…
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In December 1946, Clark Warburton published an article in the Political Science Quarterly titled, “Monetary…