Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.
European ReUnion
Monday, 20 February 2017 | 8:51 am
There is an opportunity for Europe to lead as a template for a better balance between individual and collective interests. Tax union. Creation of an EU tax authority which will set the Unified Tax Code. Member countries will have representation in the EU tax authority which will set a Tax Benchmark. Member countries which have
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Time is Running Out, Even For Countries With Low Borrowing Costs.
Tuesday, 30 October 2012 | 6:54 am
How does one put an economy in order? An economy is like a business, but it is a lot more complex, with more stakeholders. Still, a business in distress is a good starting point to try to find a way out.
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Investing In Funds
Tuesday, 21 August 2012 | 12:08 am
My wife just showed me her mutual fund statements and reports which she received from the manager. After 15 years, this much vaunted fund manager had generated a nominal return of… zero.
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China Hard Landing
Monday, 28 November 2011 | 8:08 am
The problems in Europe lie in plain sight. It is likely that the ECB will eventually print money to monetize European sovereign debt, albeit at the eleventh hour, on the eve of some pan European bank threatening not to open for business one winter’s morning. The debt problems in the US are also pretty
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A Partial Solution To The Euro Crisis
Tuesday, 15 November 2011 | 11:34 pm
A sovereign issuer never has to default on debt denominated in its own currency. This is only true if the sovereign issuer has the ability to print money.
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