6 Reasons Why a Trade War with the Chinese Is Pointless
byIn a recent post I explained that China’s manipulations of its own currency hurt only herself and not her trading partners and, therefore, retaliatory…
Why the policy of price stability weakens the process of real wealth formation
byThere is almost complete unanimity among economists that the most important role of the central bank is to attain price level stability. It is…
The BIS Takes Aim At Cryptocurrencies: Do They Understand The Economics Of Cool?
byTo help understand the genuinely transformative business technology of blockchain in the context of cryptocurrency hype, Wharton professor David Werbach encourages the distinction to…
Hurting the Poor by Standing in the Way of Technological Progress
byby Mary Lucia Darst In the February 2018 issue, Forbes Magazine published their annual Fintech 50, a list of the top fifty companies most expected to…
Can sophisticated technology prevent severe economic slump?
byMost economic commentators are likely to agree that in relation to the period prior to the Great Depression, the present world is many times…
An odd, non-linear game
by“Sir, John Authers, in Loser’s Game (The Big Read, December 22), could have delved deeply into the flaws in the asset management business as…
Canary in the coal-mine – Emerging market contagion
byEmerging market currencies, bonds and stocks have weakened Fears about the impact of US tariffs have been felt here most clearly The risk…
The long march of the bezzle
by“China’s HNA Group said on Wednesday that Wang Jian, 57, the group’s chairman and co-founder, accidentally fell and died from his injuries during a…