Global Economy

The rest of Europe now wants the Germans to clap loudly and affirm, "I do believe! I do believe in fairies!"

The euro has ended monetary nationalism and is acting, even if only timidly, as a "proxy" for the gold standard.

Today’s worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.

Is TARGET2 really just an undercover bailout system for unsustainable living standards in Europe's periphery?

Schumpeter said that the USSR "would be a good laboratory." Weber responded, "A laboratory heaped with human corpses!"

Today's worldwide fiat-money regime has effects that extend beyond what most people would imagine.

High public (external) debts and persisting import surpluses are signs of a weak currency.

Many New Age leaders  embrace the state and advocate world government.

If not for these private game reserves, a number of species would be extinct.

Devaluation means monetary expansion. The resulting bubble is misinterpreted as the success of devaluation. There ensues a disastrous race to the bottom.