Fiscal Policy
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The Return of Financial Repression?
Financial repression was used extensively by governments in the post-war period and is still common today in emerging markets such as China. As Cato scholar James Dorn writes in a […]
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The Euro – a Greek Drachma in Disguise
The Euro keeps tumbling as international investors are loosing faith in the Eurozone. The currency has so far fallen 14 percent against the dollar this year. There is fear that […]
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Nouriel Roubini – Return to the Abyss
“If fiscal imbalances are not addressed through spending cuts and revenue increases, only two options remain: inflation for countries that borrow in their own currency and can monetize their deficits; […]
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Roche – Not the way to solve the debt crisis
“the world is facing a major sovereign debt crisis that will squeeze economic growth and possibly deliver a series of debt default events down the road. Sovereign debt issuance is […]
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“The Relationship Between Inflation and the Budget Deficit in Turkey”
“For Turkey, Metin (1995) analyzed inflation using a general framework of sectoral relationships and found that fiscal expansion was a determining factor for inflation. The excess demand for money affected […]
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Carmen Reinhart on Debt Crises
University of Maryland economist Carmen Reinhart recently published a book with co-researcher Kennet Rogoff presenting several hundred years of data on financial crises. The title This Time Is Different alludes […]
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The Euro-Crisis: Fear Is Back in Play
“Now, fear is back in play,” said William H. Gross, managing director of Pimco, as the European crisis is sending shock waves into financial markets around the world. There is […]
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Europe’s Political and Economic Crisis
Some interesting news items this week on the European crisis: A “wild week” (Financial Times) “Fears of eurozone sovereign risk contagion to banks, tighter monetary policy in China and surprise […]
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Another Financial Crisis in the Making
World-wide stock markets plunged yesterday as the ongoing sovereign debt crisis in Europe is worsening. The Dow fell 1000 points–its worst ever intraday drop–before rebounding, but still ended down more […]
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Spending on Full
On Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware […]
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Wolf and Krugman Discuss Austrian Economics
Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.
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We Are Not All Keynesians Now
The financial crisis and global recession has brought traditional Keynesian policies back to the fore. However, not all economists are Keynesians now.
