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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 regional currency system. Show all posts
Showing posts with label regional currency system. Show all posts
Monday, April 30, 2012

China Takes Steps to Push for the Convertibility of the Yuan

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China takes a step further to push for the convertibility of her currency, the yuan. From Marketwatch.com : (bold emphasis mine) Chin...
Sunday, January 11, 2009

Government Guarantees And the US Dollar Standard

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``At some point, it will become necessary to guarantee failing pension plans, income, Medicare payments, mortgage payments, bank deposits, s...
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