Monthly Archives: April 2011

Nostalgia for gold

Posted on April 28, 2011 by Richard S. Grossman

The Wall Street Journal has demonstrated nostalgia for the gold standard by publishing two pro-gold standard opinion pieces this week. Both are long on nostalgia and short on analytical content. On Tuesday, long-time gold enthusiast Lewis Lehrman made his pitch, … Continue reading →

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John Taylor’s disingenuous op-ed

Posted on April 22, 2011 by Richard S. Grossman

John Taylor’s op-ed in today’s Wall Street Journal bashes the White House budget proposals of February 14 and April 13 and lauds the House Republican budget proposal of April 5. I understand–or am coming to understand–that when writing for a … Continue reading →

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Fear and Greed

Posted on April 12, 2011 by Richard S. Grossman

The Interim Report of the UK Independent Commission on Banking was released yesterday.  In his opening remarks, Commission’s chairman Sir John Vickers enunciated three key points. First, banks need to hold more capital.  According the Commission, the Basel III proposal … Continue reading →

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