Greece and Estonia: Economic Antipodes
On May 12th, the European Commission welcomed Estonia with open arms, recommending that the tiny Baltic country be allowed to …
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The Dead Hand of Exchange Controls
The monetary bureaucrats in the United States, Europe and Japan have delivered ultra-low interest rates. When combined with the exchange-rate …
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A Big Bang for Greece
How did Greece get into the death spiral that it’s in? Unfunded entitlements. In other words, promise somebody something, don’t …
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Money Dominates
Financial panics are usually followed by sharp economic snap backs. The post-Panic of 2008 has failed to follow this typical …
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Rupiah Remembrances
The Indonesian rupiah has garnered plenty of news coverage recently. Most of it has focused on the rupiah’s newfound stability. …
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The Curse of Government Failure
President Barack Obama has been marked by the curse of government failure. But you wouldn’t know it by listening to …
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