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Free Trade vs the World Bank

…and things in exchange for currency. If 40% of poor nations wealth generation is natural capital, and produced capital is 18% of the wealth generation, then that leaves 42% of…

In the words of a founder

Thomas Jefferson wrote a dire warning about banks and debt: ‘If the American people ever allow the banks to control the issuance of their currency, first by inflation and then…

WTO GATS and strategies of regional hubs Part 1

…lower cost. But rising wages for programmers here, a strengthening currency and companies’ need for workers in their clients’ time zones or for workers who speak languages other than English…

Fixed Exchange Rates and China’s Growth

…as a proponent of currency stability. Friedman is also seen as a proponent of floating exchange rates and his recent comments point out that fixed exchange rate are neither a…

Interest Rates and the Renminbi Revaluation

Last week when the Chinese central bank first announced that they were going to change the value of their currency against the dollar, I suggested that one of the interesting…

European Slowdown

…head of global currency research at Bank of Tokyo-Mitsubishi, pointed out: “Whatever the ultimate monetary disposition of the ECB, interest rate differentials between the United States and the eurozone are…