Topic: International

Sound Money and a Secure Free Society

– July 8, 2010

Re-reading the text book that we used at Grove City College to learn about the principles of sound money, I see that another project at Atlas, our Secure Free Society Project, complements with our Sound Money Project. In Theory of Money and Credit, whi …

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“Britain’s Inflation Pain Poses Risk for Recovery”

– July 7, 2010

“Committee members at the Bank of England and some economists have been puzzled by persistently high inflation in Britain, causing some concerns that the country’s recovery might stagnate. Unlike in the United States and in countries that share the eur …

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“China’s Wen Says Economy Heading in Right Direction”

– July 1, 2010

“China’s government said the world’s third-biggest economy is heading in the right direction and business people and economists expect “relatively fast” growth to continue. Premier Wen Jiabao said the nation will “further cement and develop the positiv …

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“Q&A With Judy Shelton”

– June 23, 2010

“Judy Shelton is an economist who has written 15 pieces for the Wall Street Journal over the past two years. She is the author of several books including Money Meltdown in 1994 and The Coming Soviet Crash in 1989. In addition, she is on the board of th …

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Chinese Currency Reform

– June 21, 2010

The Chinese government announced this weekend that they would move towards a greater degree of flexibility in the exchange rate. As stated by by the People’s Bank of China: “In view of the recent economic situation and financial market developments at …

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Greek Government Junk Bonds

– June 18, 2010

The Greek crisis rolls on.  This week yields on Greek government bonds rose by almost 3/4 of a percentage point to 9.06 percent as Moody’s–a rating agency–downgraded its debt to junk bond status citing “substantial” risks in connection with the three …

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“China May Have Dug a Financial Hole”

– June 18, 2010

“In late 2008, with the financial crisis rippling through the global economy, China’s leaders embarked on a two-year, $586 billion spending program to try to stave off a recession and keep the Chinese economy growing. Unlike in the United States — whe …

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A Spanish Banking Crisis in the Making

– June 17, 2010

Spain was hit hard by the financial crisis. Like the U.S. and the UK, Spain experienced high capital inflows and rapidly rising housing prices in the years leading up to the crisis. And like the U.S. and the UK it is now stuck with a struggling banking …

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“The Folly of Currency Pegs”

– June 17, 2010

“The current flap over the sustainability of Greece’s membership in the European Economic and Monetary Union (EMU) is reminiscent, in many ways, of the events leading up to the collapse of the Bretton Woods system—another ultimately untenable currency …

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European Weakness Is Fuelling U.S. Profligacy

– June 16, 2010

The European debt crisis has demonstrated the painful costs of fiscal profligacy and short-sighted Keynesian stimulus. In the words of financial historian Niall Ferguson, “there is no such thing as a Keynesian free lunch,” warning that a “greek crisis” …

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“Crisis, Conditions and Capital”

– June 11, 2010

“A selection model for 68 countries between 1970 and 1998 is used to test the impact of International Monetary Fund (IMF) programs on international capital markets and examine how agreements are perceived by multinational investors. Results reveal that …

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Bank of Canada Raises Overnight Rate

– June 2, 2010

“The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus …

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