Financial Times Best Books of 2018 list. Authored by 
@BobMurphyEcon Can you point me to some of your previous work that explains how the lack of true capitalism and free markets has led to this oligopoly? I'm sure it would educate some of the followers on here as well. Thanks.
Here is your too big to fail. Incredible chart of bank mergers. In 1990, the five biggest U.S. banks held less than 10% of industry assets. At the end of 2017, the top 5 held more than 40% of all deposits.pic.twitter.com/6c0cgo6Rg3
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Hi Chad, Thanks for asking. We have some blog posts up on our site that are good places to start. http://www.mythofcapitalism.com/blog We’ll be releasing more of our work leading up to the book’s release as well. And we’ll respond later today with the best academic papers to read on this.
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Posted some of our favourite academic papers/articles here: https://www.mythofcapitalism.com/resources More to come. Feel free to sign up for our newsletter as we'll be sending more resources there as well.
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a similar chart showing Amazon vs all the retailers that went out of business would be quite telling, too
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Agreed - would love to see that. We’ll be holding a contest for best updated merger chart in any industry soon.
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All 4 cited banks still sit atop the most risky according to the BIS' FSB page 3. The drive for further bank centralization continues with coming direct CB digital currency issuance and the crowding out of fractional reserve lending ahead https://youtu.be/_RWXrQqENvg?t=4m18s …pic.twitter.com/kiLHiYxLma
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@jechristensen56@alanfriedmanit You can read "This is not America" of Alan Friedman published per@BitebackPub@Politicos_co_uk .pic.twitter.com/O25WgbO1MF
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@jechristensen56@alanfriedmanit@scmallaby An other interesting book has been writed on the theme and on Alan Greenspan by Sebastian Mallaby "The Man Who Knew - The Life and the Times of Alan Greenspan" published by@BloomsburyBooks@BloomsburyPub@BloomsburyPub@penguinusa.pic.twitter.com/VixXrv7IOk
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@jechristensen56@alanfriedmanit@scmallaby An other interesting book has been writed on the activities inherent the hedge funds by@scmallaby "More Money Than God" published by@BloomsburyBooks@BloomsburyPub@BloomsburyPub@penguinusa.pic.twitter.com/tReMVyklYC
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@jechristensen56@alanfriedmanit@scmallaby An other interesting book has been writed on the activities of the bankers by@scmallaby "The world's banker" published by@YaleBooks@yalepress@Yale@penguinusa.pic.twitter.com/8sLf8YDVmJ
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Thank you for all the recommendations!
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While reading Mike Mayo’s “Exile on Wall Street” almost all of the banks and companies were acquired or merged - and he started with his time at the FED in late 80s
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You're catching up to the Canadian market structure!
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I'm sure you're right about concentration, but, serious question: what is the connection between deposits and "industry assets"? Especially when banks book deposits as liabilities: https://en.wikipedia.org/wiki/Deposit_account#How_banking_works … Why aren't you comparing like with like?
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And and
@WarrenBuffett basically owns two of them!#Wellsfargo#BankofAmerica@stealthy_wealthThanks. Twitter will use this to make your timeline better. UndoUndo
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Don’t confuse capitalism with corruption.
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It's almost like regulation leads to the concentration of capital and reductions in competition.
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