The Fiasco of Fiat Money
Today’s worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.
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.
As important as it is to dissolve the euro, there are significant exit problems.