Economia
Crítica dos bancos centrais
Our central bankers are intellectually bankrupt
The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers.
Why? Central bankers neglect the fact that interest rates are prices.
Manipulating those prices through credit expansion or contraction has
real and deleterious effects on the economy. Yet while socialism and
centralised economic planning have largely been rejected by free-market
economists, the myth persists that central banks are a necessary component of market economies.
Printing unlimited amounts of money does not lead to unlimited prosperity.
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E Se "salvar" Os Bancos Não For Suficiente ?
(Re)lendo o relatório do FMI (Global Financial Stability Report) notei (pag. 24) que do 1,4 milhões de milhões de dólares de estimativas de perdas "apenas" 725-820 mil milhões (ou seja cerca de 55%) afectam os balanços dos bancos. Do restante, 150-250...
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Setor Financeiro E A Economia
THE ECONOMIST
What's wrong with finance
In this year’s presidential address to the American Financial Association, Luigi Zingales asked “Does Finance Benefit Society?”. He concluded that “at the current state of knowledge there is...
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Politica Monetária No Caminho Da Revoluçã Francesa
The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet
money printing and a debauched French currency played no small part in those events. As a
sequel to “Shorting the Federal Reserve”, 720 Global aims to provide...
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Três Mitos Sobre Bancos Centrais
Wall Stree Jounral:
Debunking the Myths About Central Banks
Does an economy need a lender of last resort? Is the Fed
really independent? It's time for some rethinking.
"The first myth is that central banks are intrinsically necessary for market...
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Política Monetára E A Crise Atual
The perverse effects of easy money
The curious case of William White
Sep 5th 2012, 17:13 by M.C.K. | WASHINGTON
With a few noteworthy exceptions, mainstream academic economists failed to anticipate that the global financial crisis and ensuing...
Economia