A Great Depression?
The financial crisis of 2008 has prompted many commentators to claim that we are about to enter another Great Depression. …
Read More
The Printing Press
In October the producer price index sank 2.8%, its biggest one-month drop since the Labor Department began measuring it in …
Read More
A Property Tax Cut Could Help Save Buffalo
The chattering classes have offered many proposals to stabilize the housing market, from cutting interest rates to rewriting mortgage contracts …
Read More
The Credit Triangle
The world is in the midst of a classic boom-bust cycle. These cycles start when central banks push interest rates …
Read More
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 …
Read More
Indonesia’s Monetary Muddle
Until a few months ago, many Indonesians thought the subprime lending debacle in the United States would pass them by …
Read More