Topic: International

Taxes: The Seen and the Unseen

– February 27, 2012

If an inflation tax falls in the forest, and not one in a million understand it, does it make a sound?[1] According to a recent news report by Reuters, “President Barack Obama called on Monday for new spending to boost growth and higher taxes on the ri …

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The Euro (Double) Standard

– February 20, 2012

The received wisdom in economic history places much of the blame for the Great Depression squarely on the shoulders of the gold standard. For instance, Berkley economist Barry Eichengreen states, “Far from being synonymous with stability, the gold stan …

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What Does Regime Uncertainty Look Like?

– February 1, 2012

To follow the development of the Euro crisis it sometimes feels like watching a slow motion movie where we know the final result, but we don’t know how is it going to be played out. News and uncertainty, again, about the future of the Euro and a potent …

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Like Bugs Looking For Windshields

– January 30, 2012

Largest Central Banks Now Hold Over 15 Trillion in Fictitious Capital By Russ Winter01/27/2012 I could not help noticing that China’s imports from Japan fell 16.2pc in December. Imports from Taiwan fell 6.2pc. The strong yen strikes again: Honda decide …

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How to Use the Dollar Index (DXY)

– January 20, 2012

Remember, you still need to pull the parachute ripcord even if your altimeter is broken.

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The Prospects for Sound Money

– January 11, 2012

by Tim Kelly A silver lining of the global economic crisis is that millions of people have been awakened to the importance of sound money to a modern economy. The housing bubble and subsequent bust, excessive leveraging, reckless speculation, and the s …

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European Budget Pact: Right Diagnosis but Wrong Tool?

– January 4, 2012

Other than Germany and France the European countries seem to be in a holding pattern following the agreements between Germany and France. These two countries seem to be driving the crisis and the future of the Euro. After saving the Euro more than once …

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China to Remonetize Gold?

– January 4, 2012

China’s banks use gold as legal currency A prominent economist says that China’s economic importance is growing strong and steady that the ailing US and EU economies will exchange their gold reserves for Beijing’s financial bailouts. G-20 leaders are f …

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What Really Caused the Eurozone Crisis?

– December 29, 2011

World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011. And that was in the year that featured the Arab Spring, the Japanese tsunami and the death of Osama Bin Laden. What’s more, 2012 looks set to be not m …

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Rajoy’s Plan for Spain: Conviction or Necessity?

– December 28, 2011

The election of Spain’s new President of Government, Mariano Rajoy, has produced quite a few expectations. His plan seems to go against the tide on some focal points regarding the problems of the European Crisis. Rajoy’s government has been described a …

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China’s Hard Landing and Hayek

– December 28, 2011

A few days ago, Paul Krugman defended the position that “Friedrich Hayek is not an important figure in the history of macroeconomics.” This triggered quite a few reactions (here, here, here, here and here). Anyone familiar with the general aspects on t …

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