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Big GovernmentFinancial MarketsGlobal Economy
Blaming the euro will not save Italy. Italy’s problem is political spending — the same problem that this new budget is going to greatly increase.
The FedFinancial MarketsGlobal Economy
We have been hearing from central banks that we were living in a synchronized growth territory. Well, it wasn’t the case.
Booms and BustsThe FedFinancial MarketsGlobal Economy
Global EconomyMoney and BanksMoney and Banking
China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.
Financial MarketsU.S. EconomyMoney and Banking
Lehman was a prime example of mainstream consensus analysis of risk and economic opportunity. We "solved" it with more of the same.
EducationMonopoly and Competition
Money and BanksMonetary TheoryMoney and BankingOther Schools of Thought
It's not really true that governments can always just print money to pay off their debts.
The FedGlobal EconomyBusiness Cycles
Emerging economies should not bet on the Fed to bail them out, but begin to solve their serious imbalances without expecting monetary miracles.