Tax burdens are so high that it might not be possible to pay off the high levels of indebtedness in most of the Western world. At least, that is the conclusion of a new IMF paper from Carmen Reinhart and
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
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.Â Therefore, he felt it necessary to criticize our previous Mises
This summer Roger Bootle won Lord Wolfson’s Â£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).Â A more statist, anti-liberal policy than his could hardly
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