Keynes, Schumpeter and the Great Post-War Mistake
Nasar, Sylvia. n January 1919, as the Allied leaders met in Paris to hammer out a treaty ending World War I, famine and pestilence raged from St. Petersburg to Istanbul. To the Britons and Americans who came to survey the damage, the whole continent seemed to be in extremis. Eight weeks after the signing of […]
Eye on the market:The debt crisis in the European Monetary Union as seen by a 9-year old, and US recession risks
For the last two years, if the Eye on the Market had a single dominant theme, it was that a common monetary policy does not by itself create a durable monetary union; that European asset markets were not adequately pricing in the risk that the European Monetary Union could fail, or require massive transfers to […]