Tag Archives: Money

Iceland Wins The Bank Bailout Scheme — By Default

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Trying to convince anyone that the bank bailout was a dumb idea, that it would have been better and wiser to have let the stricken banks fail, is a doubtful undertaking. The accepted wisdom is that they were “too big … Continue reading →

Privatization of Money (Currency)

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How to Privatize Currency. Don’t laugh. There is something to be said for it. A lot, in fact. F.A. Hayek was for it. Last December, I was at the college Christmas Party. Somehow the conversation turned to privatization of currency. … Continue reading →