The Descent of Currencies: Reflating Distressed Economies in the Post-Bubble Period
The late Kenneth Lay of Enron renamed his company from Enteron to Enron and moved the headquarters to Houston, Texas, ready to become the global trading conglomerate of energy, with the help of some powerful friends. (As things turned out Enteron – which in Greek...Illusions, Economic Reality, & Aisimnitia in Times of Uncertainty: Do we and the EU Need Chairman Volcker Back?
One of the great joys of my job is to meet old and new friends who teach and/or remind me of marvelous concepts and ideas. One such incident happened about three weeks ago during an overseas trip. At a dinner I had had with I.K.M. – who had reminded me a few...Alea Iacta Est: Has the Die been Cast on the Eurozone?
Fact 1: In the early 1990s, if it were not for Europeans and the US, Germany would have had a pretty rough and bumpy ride towards its reunification. The direct and indirect funding provided by both sources made the difference for Germany. Fact 2: To keep attracting...Seisachtheia Meets the Markets: The Fed, the Yuan, and India
First of all, a special note of thanks to a good friend (IKM) who recently reminded me of the concept of Seisachtheia. Thus, a historical reference is needed first (please note that this is not a diatribe on the concept, and I am only using the pertinent clauses of...Sign Up for Our Publications
