This an engaging and intriguing account of how global currencies, such as British sterling and the U.S. dollar, have risen to global dominance in the international monetary arena, and how currencies such as the Chinese renminbi could follow in their footsteps.
Oil prices did not cause the Venezuelan crisis. Nor can oil now be its cure.
The political and economic powder keg that is Italy is a greater threat to the EU than Brexit ever was.
Keynes believed that all economic problems could be overcome with global inflation. This would bring about a new utopian age in which only social and scientific problems would remain.
It's important to make the moral case for lower taxes, but we shouldn't overlook simply defending institutional competition.
The Fed tells us that the Millennials are less wealthy and lower-income than others. But the Fed ignores its own role in stifling wealth growth among the young.
This trade deal is not only vague, conditional and temporary — it will fail to stop the global economic slowdown.
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
The euro zone is not prepared to contain a new financial crisis
