How to Destabilize the Hong Kong Dollar
Mr. Joseph Yam, former chief executive of the Hong Kong Monetary Authority, has proposed a package of policy changes that, …
Read More
New Bank Regulations Spawn Doom Loop
Politicians have a genius for creating unintended consequences with each of their new firefighting measures. Just consider bank regulations. Today, …
Read More
How to Increase the Money Supply, Without Increasing the Government’s Debt
In my August 2012 Globe Asia column, “Money, Where’s the Money?”, I explained why the global economy is still sputtering, …
Read More
Slumping Money Supply (Not Austerity) Plunges Hungary Into Recession
Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal …
Read More
The Road to Ruin
I have often warned against the dangers associated with conventional wisdom. With the onset of the financial crisis and the …
Read More
Swiss Monetary Policy: Dangerous Contradictions
The Swiss National Bank is conducting a bizarre, contradictory, and potentially dangerous set of monetary policies. During the past year, …
Read More