6 Reasons Why a Trade War with the Chinese Is Pointless
In a recent post I explained that China’s manipulations of its own currency hurt only herself and not her trading partners and, therefore, retaliatory…
Patrick Barron
Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of Banking, University of Wisconsin.
China’s Currency Manipulation Harms China — Not Its Trading Partners
Americans are being told that China’s currency manipulations are causing harm to its trading partners, America being the main victim. Nothing could be further…
Can an Economy Advance Without Savings?
According to Frank Decker, Honorary Associate at the University of Sydney Law School, it certainly can. Not only that, but eschewing savings in favor…
Where Negative Interest Rates Will Lead Us
Despite zero-interest-rate-policy (ZIRP) and multiple quantitative easing programs — whereby the central bank buys large quantities of assets while leaving interest rates at practically…
Currency war means currency suicide
What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.” National…
How much longer will the dollar be the reserve currency?
We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts….
A golden opportunity
The euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its consequences…
Roger Bootle’s prize winning advice to the Greeks: sit still while we rob you!
This summer Roger Bootle won Lord Wolfson’s £250,000 prize for the best advice for a country leaving the European Monetary Union (one may assume…