Sybil's Star: British Pound Account: 12.5% interest; US Dollar Account: 1% Interest

Thursday, January 04, 2007

British Pound Account: 12.5% interest; US Dollar Account: 1% Interest

This interesting phenomenon just in from Barclays:

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: Name: Katy Delay; Location: United States

I maintain that a sense of humor comes right after air, water, food and shelter in the list of essentials for human thriving. As to the inspiration for the title of this blog, there are two. First, read about economics' multiple personality disorder in my 7/2/05 post. Second, I like the story of 16-year-old Sybil Ludington who lived back in colonial America. Late at night on a rainy April 26, 1777, word came to the house of her father, a colonel in the militia, that the British were attacking and burning a local village. To stir the militiamen to battle, she jumped on her horse Star and rode for dozens of miles over unlit muddy forest tracks, not far from British troops, banging with a stick on every homestead door. This blog is my stick and my Star, carrying a bit of humor and lucidity into the dry, murky and pretentious cacophony of economics. (See my original posts for more.)

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HIGHLY
RECOMMENDED:
Money, Its Origins, Development,
Debasement, and Prospects
by John H. Wood.
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HIGHLY
RECOMMENDED:
Cause and Control of the Business Cycle by Edward C. Harwood. To order, click here