Tag Archives: exports

Why the Eurozone and the Euro Are Both Doomed

Beneath the permanent whatever it takes “rescue” by the European Central Bank (ECB) lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters

Beneath the endless twists and turns of Greece’s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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It’s Not Just Japan That’s Failed; The “Asian Miracle” Model Has Also Failed

The inevitable result of the centrally planned Asian Miracle Model is credit bubbles and the crippling misallocation of capital in Building Bridges to Nowhere. Japan’s extraordinary rise from the ashes of World War II created an “Asian Miracle” template that … Continue reading

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The Golden Era of the 1950s/60s Was an Anomaly, Not the Default Setting

The 1950s/60s were not “normal”–they were a one-off, extraordinary anomaly. If there is one thing that unites trade unionists, Keynesian Cargo Cultists, free-market fans and believers in American exceptionalism, it’s a misty-eyed nostalgia for the Golden Era of the 1950s … Continue reading

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