Inflation is the work of the devil, because it respects appearances without destroying anything but the realities. Jacques Rueff
What really caused the world’s greatest financial crisis? The prevailing narrative, as articulated by President Obama and his allies, was that the crisis was caused by insufficient government regulation.
In his “Europe’s Unfinished Currency”, Thomas Mayer gives us a highly readable account of the political origins of the European Union and its currency and its current weaknesses and promise.
Have you ever wondered how the United States and other countries actually conduct “financial warfare”?
The United States has had 14 banking crises over the past 180 years! Canada, which shares not only a 2,000-miles border with the United States but also a common culture and language, had only two brief and mild bank illiquidity crises during the same period
When the Bank for International Settlements was established almost 80 years ago to administer Germany’s World War I reparation payments, making payments from one country to another was more difficult than now.
“The Treaty includes no provisions for the economic rehabilitation of Europe, – nothing to make the defeated Central Empire into good neighbours, nothing to stabilise the new States of Europe …
The literature on capital flows is, unfortunately, not particularly gripping reading. It is not something to take to the beach without a strong sunscreen, for the danger of dozing off and burning to a crisp if the sun is high. Nonetheless, there are some useful works.
In 1814, the US already had the highest per capita income and one of the largest territories of any country, a mid-sized population of eight million – significant for countries of the time; and it had taken on Great Britain, the military and economic superpower of the day, and fought it to a stalemate on the land and sea.
Detlev Schlichter says that “Today’s mainstream view on money is logically incoherent because it is in fundamental conflict with essential aspects of money and money’s role in a market economy.”
At the end of the first chapter I was frustrated, as I was looking for a
theoretical analysis and conclusion regarding corporate governance in
For six years I’ve told audiences (and even more than a few social acquaintances who would listen) that the 2008-09 Global Financial Crisis was not “The Big One.” In time, people will look back on that episode as relatively minor and fairly short-lived compared to the one we are building toward. Don’t believe me?
The top two authors on privacy issues, one focused on financial issues and one not, are Prof Rose-Marie Antoine of the University of the West Indies and Prof Daniel Solove of George Washington University.
Robert Pringle’s The Money Trap should be very high on the list of books for anyone wanting to understand the weaknesses and flaws in the existing approaches to national monetary and banking policies and the international arrangements that link them.