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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label European Monetary Union. Show all posts
Showing posts with label European Monetary Union. Show all posts
Monday, February 15, 2010

Why The Greece Episode Means More Inflationism

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``The European capital market institutions would not be able (or even willing) to step up to the plate and negotiate a restructuring. The ...
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Sunday, February 22, 2009

Central And Eastern Europe’s “Sudden Stop” Fuels US Dollar Rally

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``Big government reforms, bailouts, stimulus, and “change" in general create negative expectations of the future along with a great dea...
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