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First, can you enlighten me, as I am not an expert)? Is it in fact that case that full-reserve banking is a necessary and sufficient condition for an economy to qualify for the 'Austrian' seal of approval? I will try to dig up the research on the full-reserve systems. As I remember it, most...

Please don't insult me by assuming I am incapable of independent critical thinking. Just so you know, my conclusions are based on analysis and modelling done by yours truly. It's not particularly difficult or sohisticated, but it took some time and work. [B] With all due respect, your logic...

Did you know that one of the more prolific contributors to mises.org actually has a day job as a perfectly normal, mainstream bank economist with nary a hint of anything remotely Austrian about him? Sorta like Clark Kent and Superman, if you think about it. Imagine, he comes home, takes off...

What exactly are you referring to? One of the things that might help is the procedure used to perform event studies in, among others, behavioral finance.

Hoenig is part of the 'freshwater' faction together with Plosser, Lacker, Bullard, maybe also Lockhart and Evans. So far they're in the minority, but who knows how this cookie will crumble in the end, eh?

Actually, if a stringent proscription against fractional-reserve banking is one of the axioms of Austrian economics, as you suggest it is, you don't really need to go any further. There, arguably, seems to be sufficient theoretical AND empirical evidence that modern capitalist societies (i.e...

Essential...

Well, it's a matter for the European Court of Justice, really... The ECJ decides on these issues.

I don't mean 'made it' as in 'established a significant foothold for a few centuries' like what the Romans did in Britain. Agricola and his legions did, however, conquer much of Scotland; it's just that after Agricola's recall, subsequent Roman Governors lacked the will and the resources to...

Correct me if I'm wrong here, but didn't Romans make it as far north as Scotland?

Somedevil, is that you? Have you truly returned?

What you say about Italian households may very well be true... But what about the state of Italian public finances? On the one hand, Italy's budget deficit situation isn't too bad here and now. However, Italy entered the crisis with the highest public debt/GDP of all the countries in the...

It's helpful, so thank you kindly.

What about Belgium? I remember before the PIIGs came to the fore, it was all about the breakup of Belgium and its dysfunctional government... It's just that there's an OLO (Belgian govt bond) auction scheduled for next week. Would be curious to hear your thoughts on how things stand...

You can also look towards this, if you like: http://www.telegraph.co.uk/health/healthnews/6032045/Transplant-first-as-five-lives-saved-from-two-donors-in-24-hours.html Whatever else anyone, including Cameron, might want to say about the NHS, they have to acknowledge cases like the one above...

IP, just out of curiosity, what is the purpose of this journal? Is it to demonstrate to the 'unenlightened' ETer's that your aggressive passive index investing strategies outperform active trading and that this outperformance is systematic and statistically significant over a large number...

That is a choice that your government made on your behalf. For the sake of greater common good (as determined by your government), you are going to be paying for the awesome times Iceland had during the noughties and the excesses of the Icelandic vikings. Whether this is good or bad, whether...

Yep, it's called the FSCS (amounts covered and procedures changed on 1-Oct-2007 and 6-Oct-2008; currently GBP50k per person per account is covered). There's also a special arrangement for EEA banks that offer their services to UK depositors, called the 'passport scheme'. Whether the specific...

Conclusions in the recent ECB working paper on EMU exit might be relevant (author is the ECB legal counsel, Phoebus Athanassiou). It's quite interesting, actually, and can be found here: http://www.ecb.int/pub/pdf/scplps/ecblwp10.pdf Generally speaking, it seems that the ECB has taken on...

Huh? What violent force? You're talking loco bullsh1t here, GoC. Let me spell things out for you. Firstly, let's look at the legal side of the issue. In 1999 Iceland signed the EEA depositor protection regulations into national law. This means that, according to Iceland's own laws, the...