Tagged: limited purpose banking

Greenspan notes Fed’s flaws

Ex-Federal Reserve Chairman Alan Greenspan has acknowledged the Fed’s failure to grasp the magnitude of the housing bubble, but offered some policy prescriptions to avoid another crash.  Economics Professor Laurence Kotlikoff, whose new book “Jimmy Stewart is Dead” is about bankings’s future, applauds Greenspan for saying banks should have to hold bonds that automatically covert to equity […]

BU prof new Bank of England “guru”

The London Times is calling economics Prof. Laurence Kotlikoff a “guru” to the Governor of the Bank of England.  An ex-Reagan economic advisor, Kotlikoff is pushing his concept to turn banks into mutual funds banned from making loans not matched by cash reserves.  Kotlikoff’s new book explaining it all — “Jimmy Steward is Dead: Ending the […]