Category: Economic Theory

Discussion of various points of free markets. See Government Economic Policy for US Government’s significant role.

Euro Divergence

When you strip away all the non-economic aspects in Euroland and just focus on the currency, they basically have created fixed currency ratios (only to a single standard rather than to each other’s currencies). Fixed exchange ratios (a la SNAKE) always fail, because there remains different inherent productivity rates which must alter exchange rates –…

Grand Pursuit – Sylvia Naser

Subtitle – The Story of Economic Genius I’m about ¾ finished.  Too much biographic detail, gives context for economic problems arose in, but too much biography obstructing the view of the theory for my taste. Pre-WWI Panics. Slowly, dawning recognition of relationship between falling prices, amount of currency in circulation Post-WWI Hyperinflation. Printing of money…