Monthly Archives: March 2015

The New Order Emerges

China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan. These banks do business at the behest of the old Bretton Woods* order. The AIIB will dance to China and… Read more »

China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan. These banks do business at the behest of the old Bretton Woods* order. The AIIB will dance to China and… Read more »

An Austrian Take on Inflation

We know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase bank credit with a view to generating price inflation at a controlled 2% rate. Admittedly, most of them will acknowledge there is more hope than reality about the controlled bit. Economic… Read more »

We know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase bank credit with a view to generating price inflation at a controlled 2% rate. Admittedly, most of them will acknowledge there is more hope than reality about the controlled bit. Economic… Read more »

Economic Insights – A Greek Epic

The mainstream media have interpreted the agreement between the Greek government and its creditors last Friday as finally removing the Grexit risk.  To be sure, the threat that Greece might leave the euro zone in the very near term has subsided, even if it has not been entirely removed.  The Greek government still has to present a package of… Read more »

The mainstream media have interpreted the agreement between the Greek government and its creditors last Friday as finally removing the Grexit risk.  To be sure, the threat that Greece might leave the euro zone in the very near term has subsided, even if it has not been entirely removed.  The Greek government still has to present a package of… Read more »