Mexico, 1994; Spain, 2012: Find The Similarities in the Pictures

As it happened in Mexico 18 years ago, Spain’s banking system’s woes seem to be setting up the stage for a self-fulfilling prophecy of Mayan proportions.
Gold Bonds: Averting Financial Armageddon

If we reverse the flow of gold out of the markets, we may be able to prevent a disaster from occurring.
Ending 2011 with a fable for our times

Just like its mythological predecessor, our Global Minotaur kept the world economy going for decades…
[VIDEO] RBS: Inside the Bank that Ran Out of Money
![[VIDEO] RBS: Inside the Bank that Ran Out of Money [VIDEO] RBS: Inside the Bank that Ran Out of Money](https://trumanfactor.com/wp-content/themes/patterns/timthumb.php?src=https%3A%2F%2Ftrumanfactor.com%2Fwp-content%2Fuploads%2F2011%2F12%2Frbs.png&q=90&w=650&h=300&zc=1)
BBC Documentary about the demise of The Royal Bank of Scotland.
The housing bubble: a property rights problem

An insightful conversation with Vernon Smith on what experimental economics has to say about the collapse of the housing market.
“The Origin & Effects of Our Morals: A Problem for Science”

[VIDEO] Hayek discusses the evolution of morality and social norms at George Mason University.
Greek Democracy Could Be Costly

When the Greek referendum looked like a possibility, a thinly disguised panic erupted along the corridors of power in Europe.
Trade Theory Financialized

To secure its privileges and tax favoritism, the financial sector opposes government power to tax or regulate. Fighting under the banner of “free markets,” it is now fighting to centralize economic planning power in Wall Street, the City of London and other financial centers.
The idea of capitalism is, «if you fail, you fail.» -Hernando de Soto

A conversation with Hernando de Soto that explores the truths that the most serious economic crisis in the Western world is revealing about the free market capitalist system.
Poor People Control 61 percent of World’s Wealth

History has shown that the freer the economy, the more widely wealth is distributed.