Tag Archives: beggar thy neighbor

The Fallacy that Weakening Your Currency Generates Prosperity

Of the many economic policies that are accepted as true yet are absolute nonsense, perhaps none is more achingly nonsensical than the notion that weakening a nation’s currency will magically make that nation prosperous. Like the equally nonsensical Keynesian Cargo … Continue reading

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Have Central Banks Entered an Undeclared War?

The monetary tectonic plates are shifting, and predicting the next global financial earthquake is relatively easy. I recently suggested that the devaluation of the yen was Japan’s Monetary Pearl Harbor: a direct attack on the currencies of its major trading partners: … Continue reading

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