The Operation and Demise of the Bretton Woods System: 1958 to 1971
Even though the Bretton Woods system was short lived, legacies like the dollar standard remain and are likely to be with us for some time.
Read more...Category Archives: Currencies
The Fall of the Latin American Left, Part I: Brazil’s Boom and Bust
Discussing why the left in Latin America lost power, starting with Brazil.
Read more...Debunking 5 Myths About Frexit
A skeptical look a Frexit, meaning France exiting the Eurozone.
Read more...More Brexit Delusion: City Issues Wish List That the EU Already Rejected
When you’d thought the British had reached the limits of outlandishness on the Brexit front, they manage to outdo themselves.
Read more...British Press in a Tizzy that the EU Will Be Mean to the City of London in Brexit
The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.
Read more...Europe’s Crisis Was Caused More By Reckless Lending Than By Reckless Spending
Remedies have failed to produced growth and lower indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core
Read more...India: Demonetization and its Discontents
Why have India’s citizens not reacted more forcefully to the huge disruption created by a misguided demonetization program?
Read more...India’s Cash Crisis May Take Months, Not Weeks To Resolve
India has not undertaken necessary logistics for implementing demonetization. Currency shortages may take months, not weeks, to resolve.
Read more...India’s Cash Crackdown: Chaos Continues
India’s cash crackdown has caused widespread economic suffering and chaos, unduly hurting the poor, and sparked some political pushback.
Read more...Public Support for the Euro
Why a Brexit, even if it moves forward, seems unlikely to lead to a Eurozone breakup.
Read more...India Moves to Severely Restrict Use of Cash, Forcing Much of Economy Into Barter
India cancels currency notes of Rs 500 and Rs 1000 In an attempt to crack down on black money, corruption, counterfeiting, and terrorism.
Read more...Trade Globalisation in the Last Two Centuries
Trade globalization started earlier than most economists realize, undermining conventional stories about how it came about.
Read more...The City Will Decline—and We Will Be the Poorer for It
What might Brexit-induced losses to the City cost the UK economy?
Read more...Does Wall Street Do “God’s Work”? Or Even Anything Useful?
Bank executives frequently proclaim that Wall Street is vital to the nation’s economy and performs socially valuable services by raising capital, providing liquidity to investors, and ensuring that securities are priced accurately so that money flows to where it will be most productive. There’s just one problem: the Wall Street mantra isn’t true.
Read more...Liberty Reserve, Bitcoin, and the US Bank Regulatory Dog That Didn’t Bark
How a toothless US watchdog, FinCEN, has largely ignored money laundering via Bitcoin and other digital currencies.
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