Douglas French is a Senior Editor for Agora Financial. He received his master's degree under the direction of Murray N. Rothbard at the University of Nevada, Las Vegas, after many years in the business of banking. He is the author of two books, Early Speculative Bubbles & Increases in the Money Supply, the first major empirical study of the relationship between early bubbles and the money supply, and Walk Away, a monograph assessing the philosophy and morality of strategic default. He is founder and editor of LibertyWatch magazine.

Posts byDoug French

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Making Sense of Senseless Market Behavior

People seem to do the craziest things when it comes to money. They chase stock market bubbles. They throw good money after bad investments, like a home that’s hopelessly underwater. They spend and spend while racking up crushing debt. They destroy their own businesses with dishonesty and deception. Given all of this, the idea that …

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Banker Hypocrisy and Zombie Homes

Walking away is not just for homeowners anymore. Now banks have joined in and are walking away, leaving thousands of homes vacant because they don’t want to be responsible for maintaining them. While housing bulls urge investors to buy up houses, banks that could control property ownership merely by foreclosing and paying the back taxes, …

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Denial Is Not Just a Polluted River in Egypt

Here we go again with the Earth Day/global warming nonsense. Monday was Earth Day, and this week is Earth Week, so a politically correct network like the NBC family, including CNBC, has turned its peacock green with the tagline “Green Is Universal.” Tell the folks in the upper Midwest that global warming will destroy the …

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Government Wants it Both Ways

Back in 2010 the National Credit Union Administration (NCUA), a government agency, sued 14 executives of failed credit union Wescorp seeking at least $1 billion from the defendants or their insurers. The giant credit union was seized by the government in March 2009 after incurring nearly $7 billion in losses, “largely because of bad investments …

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Right vs. Left, but What About Truth?

It was once incontrovertible: The mainstream press leans left-liberal. It’s been a proven fact that Republican presidents receive 20-30% less positive economic coverage from the nation’s newspapers. But times seem to have changed a bit. Now a new mainstream has emerged that leans right-conservative. It takes the form of Fox News, mainly, but there are …

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Gold and the Wacky Human Mind

The voting machine that is the market deemed an ounce of gold to be worth $1,600 a few days ago and then, whoops, two days later, that same market, the collection of rational minds that trade in the metal, valued that same ounce to be worth less than $1,400. Keep in mind: These prices are …

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Banks Must Innovate or Die

Change is inevitable. Conditions are never frozen in time. As the clock and calendar move forward, people and organizations must adapt to different circumstances. Human thought and creativity is constantly exploring ways to make our lives better. The fruits of technology change our expectations and our demands. The market is spectacular at adapting to people’s …

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Japan’s Bold Move of Nothing

Stop the presses! Japan will make a bold attempt to stop falling prices. Making the yen worthless at a 2%-per-year clip is the promised land, according to the new Bank of Japan (BOJ) governor Haruhiko Kuroda. “This is monetary easing in an entirely new dimension,” Mr. Kuroda said following the bank’s decision. The Nikkei 225 …

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Where (in the States) Can You Find Freedom?

If you’re looking for freedom, which state should you live in? Government oppression at the state level comes in various forms and levels. Since Galt’s Gulch doesn’t exist, people must prioritize the state intrusions they can live with. For those valuing freedom, the Mercatus Center at George Mason University is providing a new “Freedom in …

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