Letter from an Austrian in Austria
Try to find someone in present-day Vienna who is familiar with the exceptional work of the former finance minister of the Austrian monarchy.
Global Economy
Displaying 1191 - 1200 of 1741
Deep Freeze: Iceland’s Economic Collapse
It was a modern thriving economy one day, and then, suddenly, the food disappeared from the shelves, the banks closed, and the ships stopped arriving. Iceland in 2008 experienced an unprecedented economic meltdown that struck fear in the hearts...
What’s Behind the Currency War?
In a wider historical perspective, the current currency war is the latest conflict in a series of acute crises of the modern international monetary system. In a world of national monetary regimes based on fiat money without physical anchors, domestic monetary instability automatically transforms into exchange-rate instability.
How Marshall Field Succeeded
This world-renowned merchant seeks no fame for his business achievements.
QE2 Fuels a Global Fury
Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran. People in these countries buy more unprocessed foods and spend a much higher percentage of their income on food, so they have been severely impoverished by Bernanke's QE2.
The Education Bubble Is Fuel for Revolt
Tunisia and Egypt have a massive youth-unemployment problem. Unsurprisingly, they also have a system of "free" college education.
Two Visions for Europe
In order to understand the tragedy of the euro and its history, it is important to be familiar with the two diverging and underlying visions and tensions that have come to the fore in the face of a single currency.
The Euro Debt Crisis and Economic Theory
The cause of the European debt crisis, in its simplest form, was overspending by (mainly southern) European governments during the last decade, and especially after the 2008 financial crisis.
The Nightmare of 1923 and Its Cause
Fergusson presents a compelling argument that the central bankers of Europe did not believe that the quantity of money had anything to do with the price level. And I suppose you think that our modern Fed rulers understand at least this much.
Up with Bagus!
In this small gem of a book Professor Bagus has given us much more than an explanation of why the euro will fail the common man in Europe.
