Some remedial math for Capital One bank
Capital One Bank’s latest ad campaign annoys me and it has nothing to do with Jerry Stiller, who I think is a great comic actor and who I loved in Seinfeld. Capital One’s latest campaign talks about how great their checking account is because it pays 5 times the national average. Five times the national [...]
History repeats itself: the financial crisis of Rome
From pp. 331-332 in Caesar and Christ: The famous “panic” of A.D. 33 illustrates the development and complex interdependency of banks and commerce in the Empire. Augustus had coined and spent money lavishly, on the theory that its increased circulation, low interest rates, and rising prices would stimulate business. They did; but as the process [...]



















