Tuesday, January 29, 2019

How the World Works - The Atlantic

How the World Works - The Atlantic: Americans persist in thinking that Adam Smith's rules for free trade are the only legitimate ones. But today's fastest-growing economies are using a very different set of rules. Once, we knew them—knew them so well that we played by them, and won. Now we seem to have forgotten

Wednesday, January 16, 2019

Zimbabwe's Monetary Death Spiral

Zimbabwe's Monetary Death Spiral: President Mnangagwa’s pledge that Zimbabwe is “open for business” rings hollow. With a recent surge to an annual inflation rate of 236%, protests have sparked. As long as Zimbabwe continues to produce its own money, namely bond notes and RTGSs, it will continue to be held in a monetary death grip.