Comments on: in case you thought Australia understood banking http://moslereconomics.com/2010/02/08/in-case-you-thought-australia-understood-banking/ St Croix, United States Virgin Islands Thu, 09 Feb 2012 09:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: warren mosler http://moslereconomics.com/2010/02/08/in-case-you-thought-australia-understood-banking/comment-page-1/#comment-16130 warren mosler Sat, 13 Feb 2010 00:46:54 +0000 http://moslereconomics.com/?p=9717#comment-16130 Hi, It's about the liability side of banking not being the place for 'market discipline' with a non convertible currency and a floating exchange rate. See my various proposals for the banking system on this website, thanks. if you can't find them let me know and i'll get them too you Hi,

It’s about the liability side of banking not being the place for ‘market discipline’ with a non convertible currency and a floating exchange rate.

See my various proposals for the banking system on this website, thanks.

if you can’t find them let me know and i’ll get them too you

]]> By: Malcolm McIntyre http://moslereconomics.com/2010/02/08/in-case-you-thought-australia-understood-banking/comment-page-1/#comment-16121 Malcolm McIntyre Fri, 12 Feb 2010 07:10:01 +0000 http://moslereconomics.com/?p=9717#comment-16121 "...like I SAY I'm a newbie" “…like I SAY I’m a newbie”

]]> By: Malcolm McIntyre http://moslereconomics.com/2010/02/08/in-case-you-thought-australia-understood-banking/comment-page-1/#comment-16120 Malcolm McIntyre Fri, 12 Feb 2010 07:08:31 +0000 http://moslereconomics.com/?p=9717#comment-16120 G'day. As a first-time visitor, I needed a break from trying to integrate the case made in "From Scott Brown's Facebook page" and the link to this item captured the interest of an Australian. Just checking on the points you make here... para 1. Is the inference to be drawn that withdrawal of the guarantee is premature? And what's the definition of "money funds"? para 2: Can you explain why withdrawal of the guarantee is to be regarded as an imposition of "market discipline", rather than a restoration of "market competition". Probably the answers to these questions are part of the understandings of regular readers of your blog, but like I saw I'm a newbie. Thanks Malcolm G’day. As a first-time visitor, I needed a break from trying to integrate the case made in “From Scott Brown’s Facebook page” and the link to this item captured the interest of an Australian.

Just checking on the points you make here…
para 1. Is the inference to be drawn that withdrawal of the guarantee is premature? And what’s the definition of “money funds”?
para 2: Can you explain why withdrawal of the guarantee is to be regarded as an imposition of “market discipline”, rather than a restoration of “market competition”.

Probably the answers to these questions are part of the understandings of regular readers of your blog, but like I saw I’m a newbie.

Thanks
Malcolm

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