Monthly Archives: December 2015

The Authority to Regulate

The natural-identity model is the transactional interpretation of regulatory authority. Having cause to regulate would be a more reasonable purpose, but nature acts without purpose, Objectivism tells us. Objective reality is wide open, unconstrained, really, by moral convention (existing measure, … Continue reading

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Bigger than the Banks

The TBTF problem is bigger than just the banking sector. It is a massive, structural problem, forming what financial regulators call systemic risk. Along the same lines, regulators refer to unemployment due to mergers and acquisitions as structural unemployment. Whether … Continue reading

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Financial Regulatory Authority

Barclays Bank was fined yesterday for promoting conflict-of-interest, financial transactions dating back to 2011. The US Financial Regulatory Authority (Finra) says Barclays made markets, using mutual funds to make a profit. Funds were swapped at the expense of its clients … Continue reading

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Good News for Dupont!

Bad news for Dupont’s workers! Dupont announced today it will reduce its employment role by 1700, which boosted its equity value by about $1.50 a share. Remember that Dow and Dupont plan to merge to gain market synergies. The “takers” … Continue reading

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Changing the Practical Model

Even if we can’t agree on all the particulars, history tells us that economic inequality is unstable. Having more power than everybody else means maintaining it, and the practical model for doing that has changed over time to manage the … Continue reading

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Natural Identity

When Greek mathematicians discovered irrational numbers, it seemed unnatural–meaning that it felt illogical. Numbers are inherently logical, so how can they also be unnatural in any “sense” of understanding a natural existence? In the real world of profit and loss, … Continue reading

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Integral Value and the Imperative Model

Writing about political economy and philosophy is not just an intellectual pursuit. Whether it is the Elite School or the Vienna School, intellectuals are in pursuit of a practical understanding that has a practical effect. What is usually the cause … Continue reading

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