Latin Sinkholes
During the last five years Latin America has reaped the benefits of surging commodity prices and low interest rates. …
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Free Banking for Zimbabwe
Since March 2007, Zimbabwe has been in the midst of a hyperinflation (a rate of inflation per month that exceeds …
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US Mercantilist Machismo, China Replaces Japan
The United States has recorded a trade deficit in each year since 1975. This is not surprising because savings in …
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A Rescue Plan for the Dollar
Central banks ended the year with a spectacular injection of liquidity to lubricate the economy. On Dec. 18, the European …
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Sri Lanka: Slaying the Bogey of Inflation
Sri lanka started the year with an unwelcome but not totally unexpected bang. The country’s long-running civil war erupted with …
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The O’Malley Tax Heist
Gov. Martin O’Malley called Maryland’s lawmakers back to Annapolis late last year for a special session of the General Assembly. …
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