Big questions
here Role of banks?
Not exact matches
Mark Whitmore: Well, batting clean - up
here is a little tough, because as Bill mentioned, I think that people have really nicely covered a lot
of the main, sort
of theoretical tenants
of Austrian Economics, I guess I would add that specifically the
role of central
banking is something that I think is really distinct from an Austrian perspective vs Keynesianism, specifically the asset price inflation that you've seen has largely been ignored specifically in the last two bubbles, and now we're into a third bubble I would argue as well.
I see an important
role here for the new Financial Policy Committee in ensuring that capital and liquidity regimes balance the need for strong
banks with the need to avoid a pro-cyclical tightening
of financial conditions.
Breaking Bad vet
Banks hold nothing back in making Pappy McAllan a thoroughly despicable figure, but the quiet revelation
here is the deglamorized Blige, a model
of understatement and careworn dignity in perhaps the singer's most demanding dramatic
role to date.
And a cast to dream
of down to the smallest
roles, most
of the actors giving the performance
of their lifetime: J.Lo is hardly recognizable as the irrelevant pop singer
of recent years, doing a great job as a female cop tempted by the attracting opposites
of bank robber George Clooney, who was never better than
here.
Similarly, according to the Independent People's Tribunal
of the World
Bank Group in India, the
role of the World
Bank in reducing state subsidies, reduced access to low interest loans for the poor and the «opening up
of the Indian economy to an uneven playing field in international trade in agricultural commodities» resulted in the dramatic phenomenon
of India's infamous farmer suicides, with an estimated 137,000 farmers killing themselves due to their inability to pay off their loans once their crops failed (for more information, see
here and this interview with Indian environmental activist Vandana Shiva as well).
We must also not overlook that some
of our
banks here in Canada actually took a
role in the «toxic» loans in the United States and got burned along with everybody else, albeit not as badly.