In Part 1, I compared Greece’s current predicament with the Asian Financial Crisis of 1997. In the second part of the article, I look at how the IMF helped Asia out of crisis, what lessons it learned
Part Two shows how central banks are using the wrong tools in attempting to stimulate inflation. Despite relatively inexpensive lending rates, demand is extremely low in many countries; even the avera
With the breakdown of money economy the practice of international barter is becoming prevalent. – John Maynard Keynes, the Economic Consequences of the Peace, 1920 Every October in Greece, blue-and-wh