Marcos1

Dr. Marcos H. Giansante is a Brazilian digestive surgeon and writer based in São Paulo.

Central Banking and Monetary Affairs in Argentina

A government’s central bank is fundamentally a debt owner with a monopoly on government money creation and, more specifically, base money creation. A central bank’s balance sheet is basically an accounts receivable balance showing the status of the central bank’s lent or allocated funds or assets at a given date. If these assets represent probable economic benefits to the central bank, the benefits derive from the continued ownership of assets and the generation of interest while the principal is outstanding.

The Politics of Guilt

The historian Ludwell H. Johnson III argued that “the job of the historian is not to pass judgment, but to try to understand.” By trying to understand the past, historians enrich our cultural heritage and help us to build on the achievements of our predecessors while, hopefully, avoiding their mistakes. History is, of course, a vital component of understanding the world in which we live today and the goals to which we should strive.