The Danger of External Debts
High public (external) debts and persisting import surpluses are signs of a weak currency.
High public (external) debts and persisting import surpluses are signs of a weak currency.
It is an error in economics, as prevalent as it is patent, that all commodities, at a definite point of time and in a given market,
In order to reduce a further weakening of the real wealth-generation processes, it is necessary to introduce tighter controls on banks.
As important as it is to dissolve the euro, there are significant exit problems.
The costs and risks of remaining within the European Monetary Union (EMU) are already immense and rising.
Recent discussions in the econ blog world on whether the Fed keeping interest rates too low for too long from 2003-2005 was a significant factor in
To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.