Tag Archives: Gold Standard

Going for Gold

By David Mc Williams Last Friday’s Financial Times contained an article which suggested that the Republican Party is seriously thinking of returning the US to the gold standard, and that it will discuss this idea at the annual party convention … Continue reading

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Euro Disaster

TRILLION$ AS POCKET CHANGE From December  2011 to April 2012, the Dollar Swap Facility released $3.2 trillion for  European bank aid. It accomplished nothing, since their banks are a field of Greek-like  ruins still. The money went into the LTRO … Continue reading

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A cautionary tale for Ireland, Portugal, the whole of Europe

By Yanis Varoufakis Professor of Economics If 1929 has taught us anything, it is that a major (capital ‘c’) Crisis poses a lethal threat to (a) currency unions (e.g. the Gold Standard then, the euro today) and (b) political liberalism. The … Continue reading

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