The Credit Triangle
The world is in the midst of a classic boom-bust cycle. These cycles start when central banks push interest rates …
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From John Law to John Maynard Keynes
The economic-financial crisis of 2008 has produced, if nothing else, grist for the financial press. Bernard Madoff’s alleged $50 billion …
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Indonesia’s Monetary Muddle
Until a few months ago, many Indonesians thought the subprime lending debacle in the United States would pass them by …
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A Commodity-Price Snapback?
On December 1, 2008, the National Bureau of Economic Research finally made it official: the United States had entered a …
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Unconventional Wisdom
Shock and confusion describe the state of investors today. According to the Federal Reserve’s new Survey of Consumer Finances, two …
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On the Crisis
If nothing else, the current financial crisis is producing mountains of material that validate the “95% Rule”: 95% of what …
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