The financial crisis of 2008 reminded central bankers to be mindful of financial stability, about which Walter Bagehot wrote in the 19th century. Till 2015, we were led to believe that the financial system stability is hunky-dory Business Standard, 2 months ago
In times of crisis lend freely against good collateral, Walter Bagehot suggested back in 1873.Almost 150 years later, the influential essayist's dictum may prove to be easier said than donefor the world's policymakers. Earlier thismonth the ...Yahoo! Finance UK and Ireland, 2 months ago
At a time when some self-described American conservatives seem to have lost their minds, it is good to get acquainted (or reacquainted) with Russell Kirk, the author of "The Conservative Mind". Left: Russell A. Kirk at his typewriter in the ...Catholic World Report, 1 day ago
Rise Of The West (The Short Answer), or, Is Getting Back To Normal Becoming Less And Less Of A Possibility?
Countercurrents.org Apart from [mathematics], everything else [Europeans] do is excessive ingenuity. … So often to play around with things is to bring a myriad burdens on oneself. They have investigated to the utmost such cruel things as firearms.Counter Currents, 1 week ago
Countercurrents.org Paper presented by Dr, B. R. Ambedkar in the Anthropology Seminar of Dr. A. A. Goldenweizer at The Columbia University, New York, U.S.A. on 9th May 1916 - Source: Indian Antiquary, May 1917, Vol. XLI On the 100th anniversary of ...Counter Currents, 2 weeks ago
I sang God Save the Queen at primary school in Maseru in what was then Basutoland. When I was about six I had my tonsils removed at the Queen Elizabeth II hospital in the same very little city. My first scrapbooks included pictures of the young ...Times Live South Africa, 4 weeks ago
By Arthur I. Cyr U.S. President Barack Obama's visit to Britain, including a joint press conference with Prime Minister David Cameron on April 22, underscores the vital partnership between that nation and the United States. The visit also ...China Post, 4 weeks ago
The former Cabinet minister on listening to jazz pianist Art Tatum, ambitions to be Stirling Moss, and how we shouldn't view all politicians as crooks Lord Waldegrave was elected to Parliament in 1979, entering Margaret Thatcher's government as ...Times Higher Education Supplement, 1 month ago
I have long found Federal Reserve policy pronouncements confusing. This is not for lack of effort in trying to understand policy nuances. Rather, it is due to the purposeful misdirection and misinformation put out by various Federal Reserve chairs, ...Seeking Alpha, 1 month ago
To avert panic, Central Banks should lend early and freely (without limit), to solvent firms, against good collateral, and at high rates. This prescription, known as Bagehot's Dictum, is one of the most enduring pieces of economic policy wisdom. ...Daily Nation, 1 month ago Kenya: Understanding Bank Runs and Why the CBK Dropped the Ball AllAfrica.com, 1 month ago
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