The Duc de Saint-Simon, in his famous Memoirs, wrote of his opposition to Louis’ embrace of John Law’s “System” of a French state bank issuing paper money, back when Law proposed the scheme in 1715. The estimable Saint-Simon noted, with extraordinary shrewdness, that such a “System,” a state bank with the ability to issue fiat […]
Author Archive | Kenneth Anderson
Is John Deutch the Right Person to Comment
on screw-ups by the US government mishandling secret material and posting information it shouldn’t be posting online? I can’t possibly be the only person who finds it weird that the New York Times’s story about the mistake the US government made in posting a confidential report on nukes in the US quotes former CIA director […]
What New Bond Covenants Would You Demand
as protection against political risk following the government’s pressures on senior and secured creditors of Chrysler? In my development finance work in the developing world, I have undertaken a lot of negotiations with businesses (mostly media companies) in places ranging from South Africa to Guatemala to Serbia looking to borrow money. The nonprofit private equity […]
Ken Anderson Signing In:
My thanks to the Senior Conspirator for the invitation to join the Merry Band – I have long been a fan and admirer of the Volokh Conspiracy and I am honored to take part. Some of the band I have known – Eric Posner, Ilya Somin, several others, but I was delighted to meet Eugene […]
Public Service Announcement:
We interrupt our regularly scheduled blogging for this important public service announcement, brought to you by BBC news: Men who use laptop computers could be unwittingly damaging their fertility, experts believe. Balancing it on the lap increases the temperature of the scrotum which is known to have a negative effect on sperm production, researchers found. Here […]