A tax on individual transactions between financial institutions — based on the level of systemic risk that each transaction adds to the system — could essentially eliminate the risk of future collapse of the financial system, according to a new study recently published in the journal Quantitative Finance. (sciencedaily.com)
Blanchard's argument runs contrary to decades of monetary policy, but any idea to help prepare for future collapses is at least worth discussing, says Douglas Porter, deputy chief economist at BMO Capital Markets. (canadianbusiness.com)
In Altizer's view, past, present, and future all collapse into simultaneity. (religion-online.org)