Friday, November 14, 2008
Hey GA Hill
How do your libertarian values feel about regulating credit default swaps and the derivitive market?
Comments:
<< Home
Nothing to add here, except to note that November 14, 2008, marks npgage's annual appearance on the blog.
Continue.
Continue.
What a douche bag.
Anyway:
"To be sure: there isn't anything wrong with new products and services emerging in a free market system. What Austrian economists would point out, however, is that credit derivative markets have emerged on the back of a government-controlled credit and money supply system. And as the latter is assumed to be crisis prone, credit derivative markets might be seen as a multiplier of the crisis potential inherent in today's monetary system."
Thorsten Polleit, Honorary Professor at the Frankfurt School of Finance & Management
Post a Comment
Anyway:
"To be sure: there isn't anything wrong with new products and services emerging in a free market system. What Austrian economists would point out, however, is that credit derivative markets have emerged on the back of a government-controlled credit and money supply system. And as the latter is assumed to be crisis prone, credit derivative markets might be seen as a multiplier of the crisis potential inherent in today's monetary system."
Thorsten Polleit, Honorary Professor at the Frankfurt School of Finance & Management
<< Home
Term Papers
