Commentary Why are market participants scared of a strong dollar? Because for years there was a massive carry trade against the U.S. dollar predicated on a bet that constantly printing currency and cutting rates would never create inflation. The world got used to betting on one thing—massive money supply growth—and the opposite—weak inflation. Cheap money…
Reserve Bank of Zimbabwe Will Start Selling Gold Coins Amid Sky-High Inflation, Currency Devaluation
The government of Zimbabwe has announced that it will issue gold coins in July, a move that is being viewed with skepticism by many local currency traders. The gold coin, which will be called “Mosi-Oa-Tunya,” will weigh one troy ounce and have a purity of 22 carats, the Reserve Bank of Zimbabwe said in a…
How Governments Expropriate Wealth with Inflation and Taxes
Commentary In an interview with The Wall Street Journal, Treasury Secretary Janet Yellen admitted that the chain of stimulus plans implemented by the U.S. administration helped create the problem of inflation. “Inflation is a matter of demand and supply, and the spending that was undertaken in the American Rescue Plan did feed demand,” Yellen admitted….
IMF Meeting Sri Lankan Authorities as Country Attempts to Resolve Economic Crisis
April 5, 2022
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Asia & PacificBusiness & Economycurrency devaluationeconomic crisiseconomic policieseconomyInternationalSri LankaWorld
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The International Monetary Fund (IMF) will soon be discussing Sri Lanka’s economic issues with the country’s respective ministers and is closely monitoring the island nation’s economic and political situation, the organization stated. “IMF staff is looking forward to program discussions with the authorities, including during the visit of the newly appointed Finance Minister to Washington…
Money Versus Currency: How Governments Steal the Recovery
Commentary Most emerging and developed market currencies have devalued significantly relative to the U.S. dollar in 2021 despite the Federal Reserve’s aggressive monetary policy. Furthermore, emerging economies that have benefitted from rising commodities prices have also seen their currencies weaken despite strong exports. As such, inflation in developing economies is much higher than the already…
The Berenstain Bears Could Curb the ‘Stimulus’ Crowd’s Enthusiasm
March 19, 2021
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currency devaluationeconomic growthgovernment spendinginflationmonetary policymoneyOpinionViewpoints
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Commentary “Besides,” added Papa, “sometimes the price of things goes up, like gas. The price of gas for our car went up twenty cents just last week! Maybe the same thing happens with teeth.” – Jan & Mike Berenstain, “The Berenstain Bears and the Tooth Fairy,” p. 8. Sister Bear has just lost a tooth. It had…
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