Misery in MENA
The recent upheavals and regime changes in Tunisia and Egypt have focused the world’s attention on the Middle East and …
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A Political Currency
Since its inception in June 1998, the European Central Bank (ECB) has been error-prone. An initial and significant design flaw …
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On the Paradox of Excessive Bank Regulation
Since the collapse of Lehman Brothers in September 2008, the Delphic Oracles, politicos and chattering classes of all stripes have …
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The Weak Dollar Problem
The Chairman of the Federal Reserve Ben S. Bernanke has embraced a weak dollar policy. And he is not alone. …
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Fiscal Factoid
According to the Oxford English Dictionary, a factoid is “an item of unreliable information that is reported and repeated so …
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To Help U.S. Economy, Raise Rates
The rate of broad money growth (M3) in the United States is weak. The ultra-low federal funds rate (0.25%) has …
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