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March 2010

Health Care Bureaucracy May Be Like FDIC

The folks in Washington D.C. say one thing – the bureaucrats in the field do another.  This is happening today on Main Street to America’s community financial institutions.  Because I suspect the health care bureaucracy will be similar, this writing will point out the abuses by the FDIC and relate them to what might happen in health care. There are now 702 institutions on the FDIC’s Medusa list.  This number …Read More

Fiscal Crises: The Next Shoe

The fiscal crisis in Greece has recently been in the business headlines.  Readers may also be familiar with the term “PIGS” (Portugal, Italy, Greece, and Spain) or “PIIGS” (if Ireland is included).  This term has been coined as an antithesis to the BRIC economies (Brazil, Russia, India, and China) which, except for some hiccups in Russia, have weathered the worldwide recession with continued economic growth.  The PIGS have all of …Read More

Inflation vs. Deflation

As we work our way through the Great Recession, the discussion often sways between whether to expect inflation or deflation.  Deflationists mention the huge credit bubble that we are digesting, and often like to point out Japan’s experience over the last 20 years.  Inflationists point out all of the government spending and quantitative easing (essentially money printing) that may lead us to hyperinflation, mentioning episodes like the 1970’s Great Inflation, …Read More

FDIC Policies Are Devastating Main Street America

There are now 702 banks on the FDIC’s endangered list.  That’s about 10% of all community financial institutions.  Unless something changes, very few of these will survive.  As I’ve recently blogged (The Creation of Jobs – A Systemic Failure, February 23, 2010, http://ancorawest.wordpress.com ), these are institutions that make loans to small business, and it is widely recognized that small business is the job creating engine in America.  So, imagine, …Read More