Hope springs eternal
byThe minor uptick in China’s ‘flash’ PMI estimate for October – from 47.9 to 49.1 – has sparked the usual explosion of uncritical hopefulness…
Euro
A golden opportunity
by Patrick BarronThe euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its consequences…
Subjective value and currencies
by Alasdair Macleod“The issuer’s promise” is a phrase I have used recently to describe the backing for fiat currencies. The purpose of this article is to…
The inevitable death of the euro
by Alasdair MacleodOn Thursday the European Central Bank’s Mario Draghi was moved to defend the euro, after Spain’s government bond yields rose dramatically through the 7%…
The euro – lessons from history
by John PhelanWhen currencies and monetary arrangements have broken down it has always been because the currency issuer can no longer fight the lure of the…
Sovereign debt crisis going from bad to worse
by Alasdair MacleodThe eurozone continues to keep us in suspense in the wake of the French elections, and pending the second Greek election in as many…
The Fed’s swap bailout of the eurozone
by Prof Philipp BagusOn Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and…
Eurozone banks and contagion risk
by Alasdair MacleodGreece has now defaulted, and other eurozone governments as well as agencies such as the International Monetary Fund, European Central Bank and European Investment…
Philipp Bagus and Alasdair Macleod on Europe, inflation, and gold
by Alasdair MacleodFrom GoldMoney.com: In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the…
Cameron chose well
by Paul TustainThe markets are telling us that there is a painful abscess in Europe, with the Euro at its core. We believe it is driving…