Ukraine: The World’s Second-Highest Inflation
I estimate the current annual implied inflation rate in Ukraine to be 92%. This is the world’s second-highest inflation rate, …
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Why the IMF Is Playing Hardball with Greece
Under normal conditions, the IMF is supposed to be limited to lending up to 200% of a country’s quota (each …
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The Three M’s: Milosevic, Mugabe, and Maduro
What do Slobodan Milosevic, Robert Mugabe, and Nicolás Maduro have in common? The Communist Manifesto and inflation. At 480% per …
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The Mercantilists Are Marching onto War
Senator Lindsey Graham likes to march onto war, and off into economic swamps, as well. Recently, Senator Graham mounted a …
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Greece: A Financial Zombie State
Banks in Greece will not open their doors Monday morning. Greece has been moving towards this dramatic final act ever …
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It’s Time To Add More Than A Second
To avoid clock drift, the world’s computer clocks will gain an extra second at midnight Greenwich Mean Time, as June …
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