Saturday, May 18, 2019

Learn Economics Topic Nine

9. Will Rogers:

Traditional money theory posits that the velocity of money increases if interest rates rise. But Will Rogers understood that money trickles up, not down.

Fed Chicken and Egg Conundrum; Dimon Proves Will Rogers Right; Banks Broke

Jamie Dimon proves Will Rogers was right about banks being broke in a deflationary environment. Now we add derivatives collateral demand to the mix. The Fed seems boxed in about what comes first, the chicken or the egg.

Jamie Dimon Is Janet Yellen, Proving Will Rogers Right

Jamie Dimon hopes rates will rise and the economy will recover. But then he says if the real economy does recover, and fewer treasuries are to be bought, then the result will not be smooth sailing.

Capitalism: Problem, Solution or Both?

There are problems with government and capitalist responses to the challenges faced by the economy. It isn't a problem of fairness, as Fox News would lead you to believe. It is about real demand and the health of the economy.


Articles are exclusive to Talkmarkets if they are published on the site before being published elsewhere for 48 hours. Most of my articles on Talkmarkets are written to be considered "evergreen", or intended to be fresh articles even as time passes. Most subjects I have written about have proven to lend themselves to considerable lasting effect.

While I have supported some economic policy, it turns out that racism was a strong motivator for some of those policies. I oppose racism in all forms and prove my commitment by rejecting anything other than the Westphalia or Westfalia view of sovereignty, which is mutual respect for all nations by all other nations. 

Perverse sovereignty is as bad or even worse than excesses in globalization which gives banks power over governments. Both are ultimately bad for America. This blogger supports free trade and opposes a border tax. But government should be stronger in order to rein in big banks who abuse the people with toxic loans.

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