…building up foreign-exchange reserves that earn next to nothing and carry the risk of currency losses, rather than use the money to invest in their own region, which seems set…

…there’s one big difference between the US and an Argentina or Thailand: all of our domestic and foreign debts are denominated in our own currency. This means that if there’s…

…really a prohibition on states issuing currency. Tom DeLay helpfully defines the term for us: “bills of credit: A paper medium of exchange, intended to circulate between individuals and between…

…to do with the value of the Chinese currency. Now it has crossed the Rubicon. “This is only the beginning,” bragged one textile lobby group this week. More anti-Chinese safeguards…

…go to earlier posts here and here.) The report contains some rather disingenuous tidbits. China has pegged its currency since 1994 at 8.28 to the dollar. This policy is not…

…avoid a serious international lending crisis. In addition, unlike most developing countries (such as Mexico in 1994, and Argentina in 2001), the US doesn’t have to worry about currency fluctuations…

…loans for central banks during currency crunches under the Bretton-Woods system. It seems like they’ve really taken some of the criticism they’ve received over the past decade to heart… Kash…

…steady inflation and steadily-declining interest rates. That may have been the inevitable emergent path for the world’s dominant economy and currency issuer, resulting inexorably from the game rules put into…

…Soft Currency Economic Versus Robert Murphy, Associated Scholar, The Mises Academy When: 6.15pm June 3rd, 2013 Where: Room 103, Jerome Greene Hall, Columbia Law School Livestream: A livestream will be…

…borrowing Saving (total)… Difference between imports and total net taxes. Lend (-)/borrow… This is the combined amount that the financial sector gives to the government and to currency exchanges for…