Friedrich A. Hayek’s 1944 acclaimed Road to Serfdom (reproduced by the Institute for Economic Affairs online) supports social insurance for when markets work imperfectly, a long tradition in neoclassical economics now reflected in practice by the implicit or explicit social insurance linked to nearly all fiscal policy: “Nor is there any reason why the state … More International Deposit Insurance with Risk-Based Premia
Here is today’s Headline: “UBS Is Fined $4.2 Billion in French Tax-Evasion Case: Judges find the Swiss lender guilty of illegally recruiting clients in France and helping them launder money that wasn’t declared to authorities” The rest of the Wall Street Journal article is here: WSJ article on Banks Providing Tax Evasion This headline … More Banks Intermediate Tax Evasion Services
Time for Positive Interest Rates for Savers Federal Reserve interest rates of 2% to 2.25% aren’t neutral if the inflation rate is 2.61%. 8 Comments Nov. 1, 2018 1:10 p.m. ET Federal Reserve Chairman Jerome Powell speaks in Washington, June 13. Photo: michael reynolds/EPA/Shutterstock In “Pause Interest-Rate Hikes to Help the Labor Force Grow” (op-ed, … More WSJ: Time for Positive Interest Rates for Savers
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