Iran’s Economy, With and Without a P5+1 Agreement
The haggling between Iran and the so-called P5+1—the permanent members of the United Nations Security Council, plus Germany—is scheduled to …
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Bitcoin Might Not Be Money, but Cryptocurrencies are the Way of the Future
Kevin Dowd, a long-time friend and eminent free-banking authority, set his sights on Bitcoin in the book he published this …
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The World Misery Index: 108 Countries
Every country aims to lower inflation, unemployment, and lending rates, while increasing gross domestic product (GDP) per capita. Through a …
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Banks Are ‘Under Assault’
J.P. Morgan Chase’s CEO Jamie Dimon has it right when he asserts that banks are “under assault.” This has put …
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China Makes the Right Move
Yesterday, China’s Central Bank reduced bank reserve requirements for large banks by 50 basis points to 19.5%. The Chinese know …
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Measuring Misery in Latin America 2014: More Dollarization, Please
In my misery index, I calculate a ranking for all countries where suitable data exist. My misery index — a …
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