Patrick Barron: Switzerland Leaves the European Monetary Union
The lesson is clear. If Switzerland can retake control of its money, so can any eurozone nation.
The lesson is clear. If Switzerland can retake control of its money, so can any eurozone nation.
Jeff Deist and Martin Armstrong discuss Armstrong's story—both as an economic forecaster and as a thorn in the side of federal prosecutors.
A surprise move from Switzerland’s central bank (SNB) sent stock markets into panic today. In just a few minutes, the value of the Swiss franc rose by 30 percent, FTSE 300 dropped by 2 percent, Wall Street futures turned negative, and the recent feeble rise in commodity prices was reversed.
Supporters of embargoes like the Cuban embargo have never made a convincing case for why taxpayers, merchants, and consumers should be forced to forego their property rights and bear the costs of the embargo’s war on free trade.
Patrick Barron discusses how switching to sound money could change the global economy for the better.
Interviewed by host Scott Horton, Mark Thornton discusses the relation between oil prices and the world economy, and how Colorado’s first year of m
Interviewed by host Albert Lu, Mark Thornton talks about the collapse in oil prices.
Our #1 show of the year is Patrick Barron in a two-part interview on the end of US dollar supremacy.
One thing the Chinese regime has not managed to do is erase the Chinese fondness for saving money. But in America, where over one-third of the population is on public assistance, it spends as much as possible.
The supply side matters. Fernández-Villaverde and Ohanian point out, “In short, incentives to hire, invest and start new businesses need to be a priority, lest the sclerotic U.S. economic growth of the past six years returns and, as in Europe, becomes a permanent condition.”