Monthly Archives: September 2014

Not Captured

When the Fed accommodates the dirty deeds of TBTF banks, it appears there is regulatory capture. Not exactly, and the difference is a critical pattern of existence that determines the probability. First of all, if we say that the regulator … Continue reading

Posted in Political-Economy and Philosophy | Tagged , | Leave a comment

Banking with a Happy Face

My! That sounds extra nice, doesn’t it? Downright benevolent isn’t it!…brought to you by the “makers” of an economy-of-scale efficiency and distributed by “building out” the detriment that forces you through the doors that greet you with a happy face. … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , | Leave a comment

Viva la Revolutionista!

A Work of Art that Imitates Life We’ve got our umbrellas, and surgical masks, protecting us from the stench of hypocrisy, and boots on the ground, standing against the contractual obligation of our popular consent. Dressed for success…a work of … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , | Leave a comment

Technical Patterns of Existence

Economists tell us that monopolies are the natural result of a free-market ontology. The free market “therefore” (just like the kid in the bathtub) pre-exists the technical pattern we call a monopoly. This structural tendency to monopolize the probable risk … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , | Leave a comment

Patterns of Probability

A teleological existence is like the kid that doesn’t want to take a bath. His mom takes him to the tub kicking and screaming under her arm and as soon as the dirty deed is done he goes right out … Continue reading

Posted in Political-Economy and Philosophy | Tagged | Leave a comment

Natural Monopolies

The Argument Reconstructed Arguing structural incentives, economists say that monopolies are the natural result of free-market mechanics. The argument conforms to Objectivist philosophy in which the incentive to act is driven by environmental conditions–natural laws that determine the difference between … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , | Leave a comment

The Overt-Covert, Conversion Perversion

Sublimation of the Risk When the NY Fed investigated Goldman Sachs’ investment banking practices and decided to let it slide, the harm the bank did was deemed acceptable. The methods used to gain the benefit of this acceptable amount of … Continue reading

Posted in Political-Economy and Philosophy | Tagged | Leave a comment