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Is Modern Finance a Productive Economic Activity?

Financial systems play an important role in economic growth. Why, then, do they sometimes go off the rails?

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Don’t Leave It to the Economists

Why do economists — and the policymakers who heed their advice — need to reconsider the conventional wisdoms of their profession?

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Beyond LIBOR: Whiners on Wall Street

Are financial industry complaints about the alleged costs of regulation justified? Or does history prove they are without merit?

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Beyond LIBOR: Derivatives as WMD on the American People

Why should derivatives be moved out of the dark of over-the-counter markets into the brighter light of exchanges?

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Exits from the Rat Race

How did today’s crisis-prone, Darwinian capitalism come about?

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The Democratization of Banking

What steps should policy makers take to ensure that bank services are available to the broadest number of people?

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Diamond(s) Are Not Forever

Did Barclays Bank executives engage in fraud to boost the bank’s market valuation — or because they lacked simple values?

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The LIBOR Mess

Could the LIBOR scandal become the biggest financial fraud in history?

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Debunking The Global Savings Glut Theory

Is paper money created by the world’s central banks responsible for the “global imbalances” that destabilized the economy?

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Not a Global Crisis, But the West’s (And Keynes Can’t Help)

Why is the current economic crisis in Europe and the United States likely to be unresponsive to Keynesian solutions?

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