Why U.S. Is Now in a Credit Crunch
Since August 2008, the month before Lehman Brothers collapsed, the supply of publicly produced base money has more than tripled, …
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Money, Where’s the Money?
Since September 2007, when the British Government and the Bank of England bungled the Northern Rock affair, one government after …
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Money: West vs. East
A country’s money supply is made up of two distinct components. State money — the monetary liabilities of a central …
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Iran: Down, But Not Out
Since Mahmoud Ahmadinejad first became President of Iran, in August 2005, the country’s economy has gone from bad to worse. …
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Bulgaria: Fifteen Years Later
The first of July marked the anniversary of a momentous day in Bulgarian history. On that day, fifteen years ago, …
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Iran’s Death Spiral – II
My October 2009 Globe Asia column was titled “Iran’s Death Spiral.” In light of the recent events that have transpired …
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