The Franco-German plan for a €500 billion “recovery fund” has been welcomed with superlatives such as “Hamiltonian,” “stunning,” “a game changer” and the somewhat slightly less hagiographic “surprisingly ambitious.” In actual fact, it is just […]
There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they […]
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