Recent content by LibertyIn08

Davis has reiterated, time and time again, that he wants to focus on state-level politics. Not sure why you'd lump him in with Bright there.

Miss you.

http://blogs.desmoinesregister.com/dmr/index.php/2013/02/15/breaking-vilsack-will-not-seek-u-s-senate-seat-in-2014/article?gcheck=1&nclick_check=1

Slow down there. The FDIC only lacked the funds if the banks you listed had failed. They didn't. We bailed them out. (I'm not saying this was good policy.) The whole point of an insurance pool is that you're betting that very rare long tail risks never occur. If everyone's house suddenly caught...

Of course.

Yes and no. Under the current system, any credit actions have monetary impacts and vice-versa. The "full reserve" you allude to only works via monetary mechanisms. A full reverse system by mandate doesn't necessitate open market operations or fed lending. I'm not quite sure I agree with the...

Bingo. Had the Fed and the FDIC not managed to work the Treasury to auction some banks during the crisis, the FDIC would have lacked the funds to fully cover its obligations. IndyMac had put a large strain on the FDIC and WaMu's potential failure alone threatened to wipe out the rest of the fund.

It isn't as though there are any other candidates historically who have returned to the GOP to win an election.

Under the Chicago plan there would be no scope for banks to have fractional reserve banking. Deposits are mandated to be held as full reserves.

Yes. I'm waiting for some critiques/responses to be published. My hope is that people will see that there are some alternatives we could pursue outside outright FR elimination. I'm not quite convinced that actually ending the institution would be as easy as auditing. Neutering it, however...

http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf

Jordan does a fair bit of trading and his performance over the past few years has definitely exceeded the market by a considerable sum. I'm not quite sure how someone's involvement on the forum precludes them from successfully investing. There's more than a few finance professionals in top tier...

Please do. I've not seen too many positive anecdotal reports but the more data points, the better.

Mish outperforms the S&P index as well as the Hedge Fund tracker index in his absolute return fund. Again, I'm not convinced of the value of his funds over a standard low-fee fund when the track records of his publicly available funds are quite poor. I don't expect we're ever going to see...