tag:blogger.com,1999:blog-2761684730989137546.post1158629284583212714..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Central Banking and Financial Stabilitymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-27199633187309813562011-09-21T03:40:09.405-04:002011-09-21T03:40:09.405-04:00Eichengreen’s basic idea is to form a committee ma...Eichengreen’s basic idea is to form a committee made up of the sort of people who failed to spot the housing bubble or credit crunch. And then have that committee try to forstall future housing bubbles and credit crunches. The man deserves Nobel Prize.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-59411333593554987732011-09-21T03:38:15.567-04:002011-09-21T03:38:15.567-04:00This comment has been removed by the author.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27325500449138491952011-09-20T12:28:55.645-04:002011-09-20T12:28:55.645-04:00Financial Stability will occur when everyone has e...Financial Stability will occur when everyone has equal opportunity to manipulate the Financial System. This means that deficit/surplus levels are decided by popular average, the removal of any type of government debt. Spending/Taxation that is done in a decentralized manner. Until this happens there can not be lasting Financial Stability, and any article that does not touch upon these issues is respectfully a waste of time. <br /><br />The article I wrote earlier IMO strongly argues that a financial system that is constructed around the ethos of "Equal Manipulation of the Financial System" will result in the greatest human output. <br /><br />Things like property rights, free markets, respect for the scientific method and the peer review process and the rule of law result in a more equal distribution of Societies resources. Such examples allow for equal manipulation of an aspect of Society and they all have unquestionably contributed to increasing the welfare of people. <br /><br />If you want a stable financial system build one centered around the idea of equal manipulation. That way prices will truly reflect the supply and demand of society. That by definition is the pinnacle of financial stability.<br /><br />Shaun HingstonShaun Hingstonnoreply@blogger.com