Automated Trading Profit > The Volokh Conspiracy - Is fractional reserve banking fraudulent?

The Volokh Conspiracy[The Volokh Conspiracy] You are probably right that there is an interest rate at which I would be willing to give up liquidity, but that is horribly inefficient; the bank is paying more than they have to and I'm not getting the service I want.

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The Volokh Conspiracy[The Volokh Conspiracy] The Volokh Conspiracy - Obama's Disadvantages:: I suspect when historians look back on this election they will conclude that McCain contributed to losing this election (if that indeed happens) because he (1) moved to the middle in the primaries and to the right in the general, (2) picked Palin as his VP (if he'd picked Romney or Lieberman I think he might now be winning), and (3) ran a rudderless campaign. I also suspect that the Obama 2008 election will be viewed as a highpoint of American political campaigns, one that ultimately will be viewed as a watershed extension and vindication of the 50 state strategy of Dean.

Megan McArdlehttp://meganmcardle.theatlantic.com/archives/2007/12/why_is_the_gold_standard_crazy.php [Megan McArdle] Why is the gold standard crazy? - Megan McArdle: I mean, it's not like some of the most well-respected FIAT MONEY ECONOMISTS like, say, BEN BERNANKE essentially blame extremely high debt, which was made available due to the Fed's inflationary policies of the 20s, for the depression or anything! $13.6 trillion in household debt outstanding?

Kevin Drum - Mother Joneshttp://www.motherjones.com/kevin-drum/2008/10/mortgage_hell.html [Kevin Drum - Mother Jones] Kevin Drum - Mother Jones Blog: Mortgage Hell: In exchange for this the government would pay the closing costs or some fraction thereof. While there certainly would be some people taking up the offer who don't really need it, and this does nothing to penalize the reckless lenders, it would retire a lot of the toxic loans, lower monthly costs for strapped borrowers who might otherwise default, give owners an incentive to hold their homes for the long run, and significantly reduce the massive number of loan resets taking place next year.

The Becker-Posner Blog[The Becker-Posner Blog] The Becker-Posner Blog: The New York City Ban on Trans Fats--Posner: A particularly appealing benefit is that the fraction of businesses displaying the Seal would be a real-time readout of the economy's opinion of the usefulness of the Seal and the rules behind it. And concern for that very visible indicator would give the rule makers and incentive to keep the rules reasonable: if you walked down the street and no restaurants displayed the seal, you would know beyond a doubt that no significant fraction of the customer set considers the rules worthwhile.

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