Rhetoric Is A Powerful Tool To Advance Moneyed Interests

Money is essential to a successful economy.  But it's money in circulation that's useful.  Money that's locked up in storage in vaults and savings doesn't help.  The early economists understood this well and often used the analogy of money-is-to-economy as blood-is-to-human-body.  Circulating money, money that is used to buy things is as important to the … Continue reading Rhetoric Is A Powerful Tool To Advance Moneyed Interests

Anna Schwartz on Liquidity vs. Solvency Crises

From Wall Street Journal, Oct 18, 2008: By BRIAN M. CARNEY New York On Aug. 9, 2007, central banks around the world first intervened to stanch what has become a massive credit crunch. Since then, the Federal Reserve and the Treasury have taken a series of increasingly drastic emergency actions to get lending flowing again. … Continue reading Anna Schwartz on Liquidity vs. Solvency Crises