Indonesia’s Rupiah Is In Trouble, Again
The rupiah is plumbing the depths it last visited in 1998 during the Asian financial crisis. The accompanying chart of the rupiah’s value against the U.S. dollar tells the tale. Although the rupiah’s...
View ArticleBank Regulations Continue To Hinder The US Recovery
Money matters — it’s one of Milton Friedman’s maxims that I repeat often in my columns. Since the Northern Rock bank run of 2007 — the “opening shot” of the financial crisis — the money supply, broadly...
View ArticleCurrency Wars…The Devaluation Delusion
In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade...
View ArticleOn The Italian And Eurozone Doomsday Scenario
On June 23rd, the voters in the United Kingdom (UK) turned a collective thumbs-down on the European Union (EU). The Brexit advocates – the ones who had had enough of the EU’s mandates and regulations –...
View ArticleUnraveling The Secular Stagnation Story
Secular stagnation is said to be present when economic growth is negligible or nonexistent over a considerable span of time. Today, secular stagnation has become a popular mantra of the chattering...
View ArticleEnhance Prosperity And Improve Health: Slash Regulations…Please
Productivity and economic growth continue to surprise on the downside in most countries. While there is a great deal of handwringing over the so-called productivity puzzle, little attention is given to...
View ArticlePublic Infrastructure – Welcome To The World Of Waste, Fraud And Abuse
Economic policy is subject to fads and fashions. The most recent economic-policy fad is public infrastructure. Its advocates include progressives on the “left” – like President Obama, Hillary Clinton,...
View ArticleCould a Collapse of Cryptocurrencies Force a Reform of the Global Monetary...
For thousands of years, there has been a dominant international currency. Until August 15, 1971, when President Nixon closed the gold window and revoked the right of foreign governments to redeem their...
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A Way For Turkey’s Erdogan To Have His Cake And Eat It Too
It’s no secret that Recep Tayyip Erdogan aspires to become the sultan of Turkey. But there is one huge obstacle that might block Erdogan’s path: the Turkish lira. The lira is one of the world’s junk...
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