Monthly Archives: November 2010
Currency union requires the abandonment of a great deal more sovereignty than has so far taken place in the euro-area. They haven’t had to abandon sovereignty much yet because the zone has not significantly been tested till now. There is … Continue reading
Breathe deeply: we are not headed for monetary chaos. We do not need to return to the gold standard. The story of money is one of evolution; the gold standard came along at a specific point in that journey. We … Continue reading
The article is freely available on the EIU website.
From domestic critics to foreign governments, Ben Bernanke is taking heat for QE2. At the centre of domestic criticism is fear that the Federal Reserve’s endlessly growing balance sheet can only end in tears. Also unhappy are US trade partners and … Continue reading