Monthly Archives: April 2013

Life and Death in Boston

We will all die and can hope that our passing and the passing of our loved ones will be peaceful and painless. It is sad when anyone dies prematurely. It is very disturbing when someone’s death is the result of … Continue reading

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Printing Money

Isn’t that just printing money?  Here is a quick, and hopefully simple, primer on what central banks do. Central banks print money. They are responsible for issuing a country’s legal tender (banknotes and bank deposits with the central bank) and … Continue reading

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Cyprus: Bailing in and capital controls

Three European countries with oversized banking sectors have suffered major bank failures. Two of them are in the Euro Zone (Ireland and Cyprus) and one has its own currency (Iceland). Iceland and Cyprus imposed temporary capital controls, while Ireland did … Continue reading

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