Republished from “A View from the Trenches“ Click here to read this article in pdf format: January 15 2013 In the same fashion that I proposed an analytic framework for 2012, I want to lay out today what I think will be
Euro
What causes hyperinflations and why we have not seen one yet: A forensic examination of dead currencies
Please, click here to read this article in pdf format:Â December 18 2012 As anticipated in my previous letter, today I want to discuss the topic of high or hyperinflation: What triggers it? Is there a common feature in hyperinflations that
A Golden Deutsche Mark Is the Catalyst for Ending the Tyranny of Fiat Money Inflation
In his recent Mises Daily Article “Fool’s Gold Standards” John P. Cochran warns his readers against accepting any monetary reform less than that of money created by the free market. Therefore, he felt it necessary to criticize our previous Mises
Roger Bootle’s Prize Winning Advice to the Greeks: Sit Still While We Rob You!
This summer Roger Bootle won Lord Wolfson’s £250,000 prize for the best advice for a country leaving the European Monetary Union (one may assume that this advice is aimed at Greece). A more statist, anti-liberal policy than his could hardly
Leverage, floating rate notes and high frequency trading
(republished from “A View from the Trenches” : www.sibileau.com ) Click here to read this article in pdf format: Â August 6 2012 Today is a holiday in Canada and our letter is published later than usual. We will make a
More of the same…
Click here to read this article in pdf format:Â July 9 2012 Markets had a quiet week, with a holiday in Canada and another in the United States. We will therefore be brief today. In our last letter, we presented how
Is it possible to smoothly exit the Euro zone?
Click here to read this article in pdf format:Â June 11 2012 As we write, the news is out that Spanish banks will get bailed out in the order of EUR100BN (also reported EUR125BN). We have repeatedly said that bailing out
Growth Pact? What Growth Pact?
If we have to summarize what drove the action last week, we will say it was the speculation over an upcoming (perhaps in June) Growth Pact in the Euro-zone. That was all. That did the trick. There is really nothing,
If new Euros come only from collateral, would the Eurozone not be better off under the gold standard?
Please, click here to read this article in pdf format:Â March 25 2012 During the past week, we think, we witnessed some interesting developments. In our previous letter, we had discussed what was the KreditAnstalt event of 1931. We saw a
The Future of the Euro
[Originally published on mises.org, Thursday, February 23rd, 2012] The problems of the eurozone are ultimately malinvestments. In Greece these days the struggle continues about who will ultimately foot the bill for these investments. During the early 2000s an expansionary monetary
Greece’s Emerging Barter Economy
In the realm of financial calamities, never doubt the extent of man’s adaptability to changing circumstances. In a recent Forbes column, the great free market advocate Bill Frezza makes mention of a new trend popping up in the economic sideshow
New Comments on Mises Canada