Economics from a people first point-of-view
December 15th, 2009 — Banks
Banks and People (part 2 of 3)
“I’ve been here for three years and never once heard the word ‘people’.” [handwritten note posted on bulletin board in graduate department of Economics at University of Wisconsin-Madison]
Last time we looked at two key pairs of opposites that played a role in the financial crisis.
Liquidity vs Leverage (or “Illiquidity)
Solvency vs. Debt (or “insolvency” )
This time we’ll look at how these pairs of “variables” apply to people and to banks.
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December 10th, 2009 — Banks
Banks and People (part 1 of 3)
The first laws of library science are:
For every reader a book.
For every book a reader.
The first law of economics, the “law of supply and demand” is:
For every seller a buyer.
For every buyer a seller.
In other words, you can’t have a “market transaction” without both a buyer and a seller.
Keep these laws in mind as we explore the relationship between banks and people.
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November 2nd, 2009 — Banks
Is Your Bank Safe (part 3 of 3)
The FDIC, which insures virtually every bank deposit in this country, is rapidly digging itself into a $500 billion hole. Here’s how.
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