Global Economy
Is Russia Planning a Gold-Based Currency?
Backed into a corner and facing grim economic prospects, the Russian government may conclude that its best bet is to adopt some type of gold standard. The resulting panic in the West would be interesting to watch.
The ECB Fears Deflation, But You Should Not
The European Central Bank plans to ramp up its own version of quantitative easing because it fears deflation. But deflation really means an increase in real wealth and an end to many malinvestments.
Europe Joins the QE Party
The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy.
Europe Joins the QE Party
The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy. The wealthy and powerful will benefit from this, but most everyone else is in big trouble.
Post Mortem on the Swiss Franc’s Euro-Peg
The Swiss central bank's decision to let the Swiss franc find its market value (compared to the euro) was predictable, yet it has caused instability for Swiss markets. Meanwhile, the peg never helped the Swiss economy.
Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It by Steve Forbes and Elizabeth Ames
Money is an odd book. “Moderation” in the use of a bad measure is no virtue. If cyanide is poison, “drink in small doses” is not the appropriate response. Money falls exactly into this bad pattern.
Dan Mitchell: The Immoral US Tax Regime
"Taxes" sounds like a boring subject, but Dan brings great energy and passion to the discussion.