Diplomacia e Relações Internacionais
Em 1873, Walter Bagehot (1826-1877), um jornalista econômico britânico e editorialista da revista Economist, escreveu um texto sobre o perigo de um governo imiscuir-se no setor bancário e sobretudo de utilizar o dinheiro público para salvar um banco mal gerido.
A lição continua atual ainda hoje:
Still less should it [the government] give peculiar favour to any one [bank], and by entrusting it with the Government account secure to it a mischievous supremacy above all other banks. The skill of a financier in such an age is to equalise the receipt of taxation, and the outgoing of expenditure; it should be a principal care with him to make sure that more should not be locked up at a particular moment in the Government coffers than is usually locked up there. If the amount of dead capital so buried in the Treasury does not at any time much exceed the common average, the evil so caused is inconsiderable: it is only the loss of interest on a certain sum of money, which would not be much of a burden on the whole nation; the additional taxation it would cause would be inconsiderable. Such an evil is nothing in comparison with that of losing the money necessary for inevitable expense by entrusting it to a bad bank, or that of recovering this money by identifying the national credit with the bad bank and so propping it up and perpetuating it. So long as the security of the Money Market is not entirely to be relied on, the Government of a country had much better leave it to itself and keep its own money. If the banks are bad, they will certainly continue bad and will probably become worse if the Government sustains and encourages them. The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank.
Retirado da biblioteca Online Library of Liberty.
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Diplomacia e Relações Internacionais
Socorros bancários: ajudando bancos falidos e desaprendendo a história
Em 1873, Walter Bagehot (1826-1877), um jornalista econômico britânico e editorialista da revista Economist, escreveu um texto sobre o perigo de um governo imiscuir-se no setor bancário e sobretudo de utilizar o dinheiro público para salvar um banco mal gerido.
A lição continua atual ainda hoje:
Still less should it [the government] give peculiar favour to any one [bank], and by entrusting it with the Government account secure to it a mischievous supremacy above all other banks. The skill of a financier in such an age is to equalise the receipt of taxation, and the outgoing of expenditure; it should be a principal care with him to make sure that more should not be locked up at a particular moment in the Government coffers than is usually locked up there. If the amount of dead capital so buried in the Treasury does not at any time much exceed the common average, the evil so caused is inconsiderable: it is only the loss of interest on a certain sum of money, which would not be much of a burden on the whole nation; the additional taxation it would cause would be inconsiderable. Such an evil is nothing in comparison with that of losing the money necessary for inevitable expense by entrusting it to a bad bank, or that of recovering this money by identifying the national credit with the bad bank and so propping it up and perpetuating it. So long as the security of the Money Market is not entirely to be relied on, the Government of a country had much better leave it to itself and keep its own money. If the banks are bad, they will certainly continue bad and will probably become worse if the Government sustains and encourages them. The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank.
Retirado da biblioteca Online Library of Liberty.
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- O Bndes Americano: Vamos Ver Se Seria Diferente? - Americans For Limited Government
Ex-Im Bank's cozy relationship with private lender By Nathan Mehrens Americans for Limited Government, 29/05/2015 In the current Congressional debate over whether the Export-Import Bank (Ex-Im Bank) should be reauthorized, one aspect of its activities...
- Taxa De Juros: Alta, Baixa, No Patamar Correto? - Russell Lamberti (mises)
Eu sempre achei que os juros, assim como o câmbio, deveriam ser os que o mercado determina, não os que o governo impõe. Corrijo-me. Sempre achei não. Antigamente eu era um ignorante econômico, mas depois, olhos abertos. leituras adequadas, fui melhorando....
- O Estado No Brasil: Sempre O Principal Fora-da-lei - Financial Times
Brazilian Banks Could Owe More Than $140 Billion Financial Times, February 18, 2014 A new report by Brazilian banks suggests a legal battle over the consequences of economic plans launched nearly three decades ago could cost them more than $140 billion,...
- Contas Publicas Dos Eua: Um Resumo Dos Numeros
O post abaixo resume o essencial das contas públicas, domésticas, dos EUA, ou seja, o déficit fiscal e o aumento da dívida pública. Ainda assim, o governo brasileiro ARRECADA DEZ PONTOS MAIS DO PIB do que o governo americano, e gasta mais, também,...
- A Economia A Servico Da Politica No Brasil
Duas matérias na imprensa me chamaram a atenção, nesse capítulo da "mistura" (por falta de uma palavra melhor) da política com a economia, mas apenas depois de refletidas por uma agência estrangeira: 1) Brazil's Caixa to Fund 1 Billion Euros...