Managing trade deficits
byCurrency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece, arguing for…
Currency Devaluation
Cooperation breakdown
byThe evidence of a major breakdown in global economic and monetary cooperation continues to mount. Just yesterday, the G7 released a statement regarding foreign…
What’s wrong about the euro, and what is not
byEvery Monday morning the readers of the UK’s Daily Telegraph are treated to a sermon on the benefits of Keynesian stimulus economics, the dangers of belt-tightening…
A trip to the Japanese Currency Museum
byYou probably didn’t know there was a Japanese Currrency Museum, did you? Well, neither did I until I found myself stood outside it one Saturday…
The End of Politics and the Birth of iDemocracy
byThe West is in crisis. Our Big Government way of doing things does not work. It is no longer going to be possible to…
A vicious cycle
byFor some months now, leading indicators the world over have been pointing toward slower growth ahead. It’s not just about the euro-area any more….
My big fat Greek bailout
byGreece was bailed out for the second time in four months. Or did it default? Well, a bit of both, I guess. All bondholders…
Jamie Whyte: The High Cost of a Cheap Pound
byThe Cobden Centre’s Jamie Whyte writes an excellent piece in this morning’s Wall Street Journal on the alleged economic merits of currency devaluation; he…