Tuesday, 28 March 2017

Monthly Archives September 2012

The Money Trap: Escaping the Grip of Global Finance – Reviewed

Posted by Gonzalo Schwarz
September 26, 2012

Robert Pringle Basingstoke, UK: Palgrave Macmillan, 2012, 328 pp. To read Robert Pringle’s new book, The Money Trap, is to experience the slow joy of recognizing that someone out there in the world of intellectual propriety and academic correctness is willing to state the case that the global financial crisis can be traced in large […]

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‘Has the Fed Been a Failure?’

Posted by Gonzalo Schwarz
September 25, 2012

by Gerald P. O’Driscoll That is the provocative title of the lead paper in the prestigious economics publication, the Journal of Macroeconomics. It is authored by George Selgin, William D. Lastrapes, and Lawrence H. White. (Selgin and White are professors, Cato scholars, and many-time participants in the annual Cato monetary conference). The journal’s editor considered […]

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Sound Money: Turkey’s Cure for Oil Dependence

September 25, 2012

By Devin Roundtree With so much havoc among European nations, Turkey has attracted headlines recently as Europe’s fastest growing economy and the remaining shining star of investment grade on the continent. Though, as CNBC reported, rising oil prices threaten the country’s economic outlook. When it comes to oil dependence, Turkey upstages even the U.S. by […]

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QE3: Sowing the Wind

Posted by Gonzalo Schwarz
September 25, 2012

by Frank Shostak The US central bank announced on Thursday, September 13, 2012, that it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost economic growth and reduce unemployment. In his press conference, following the conclusion of a two-day meeting of the […]

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Germany Eyes Gold Standard

Posted by Gonzalo Schwarz
September 24, 2012

Editorial of The New York Sun | September 22, 2012 It would be too much to say that the government of Free Germany, as we are still wont to call it, is taking steps toward the gold standard. After all, no committee beckons in the Bundestag. The government is entangled with Spain and Greece and […]

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China’s Preparing for the End Game – Are We Paying Attention?

Posted by Gonzalo Schwarz
September 20, 2012

  Written by Christopher K. Potter For three thousand years China has been at the forefront of monetary innovation.  It was the first to legalize gold money in the tenth century BC and two millennia later it issued the world’s first paper currency.  Fast forward to 2012 and China is at it again, eclipsing Australia […]

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