Browsing Tag

Triffin Dilemma

The Broken Cash Register

Opinion seems nearly universal that what we are currently experiencing is not the typical business cycle with which we are familiar. Besides being the end of a long speculative bubble, and the magnitudes involved, the significance of what…

Currency battle begins

I recorded the video segment below on on RT America on Wednesday night (Notice my green tie for St. Patrick's Day!). The overall gist of the clip was that the currency battle now brewing between China and the U.S. is mostly a political…

A New World Order

UPDATE: 19 MAR 2010: Given the debate on China and its currency peg, I thought this post from November 2008 would be relevant. It called for a new world order centered around a new monetary system. This idea has gained some currency as it…

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