Category: Markets

Rien ne va plus: Part 4, Use the product again

9 April, 2015 (09:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith see?  It all worked out Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal […]

Rien ne va plus: Part 3, Not the protection you need

8 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal source) Yesterday’s Part 2 established that when a […]

Rien ne va plus: Part 2, Boycott the new standard

7 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Sources used in this post Wall Street Journal (August 6, 2014; brick red font) Wall Street Journal (August 15, 2014; forest green font) The Wall Street Journal (January 25, 2015; black font, principal source) Yesterday’s Part 1, whose subject was Credit Default Swaps and whose theme […]

Rien ne va plus: Part 1, One key glitch

6 April, 2015 (10:00) | CDSs, Consensus, Contract rights, Conventions, Credit default swap, Global news, Innovations, Markets, Regulation, Rulemaking, Speculation, Theory, Unanimity | No comments

By: David A. Smith Why do we drive on the right, whereas the British drive on the left?  Though theories abound, of more importance is the value of a convention, any convention, that is so widely adopted it becomes second nature.  Until, that is, an extreme situation arises, when the convention cracks apart, as happened […]

The antidote to majoritarianism: Part 2, There are outer limits

12 February, 2015 (09:00) | Apartments, Constitution, Fifth Amendment, Housing, Law, Local issues, Markets, Rent control, Rental, San Francisco, Takings, US News |

[Continued from yesterday’s Part 1.] By: David A. Smith As we saw in yesterday’s Part 1, essential to democracy is the protection of minority rights against the majoritarian impulse to rewrite the rules by increments, and as property rights are human rights, they must be protected by an entity or branch of government that stands […]