The U.S. dollar is getting perilously close to losing its status as the world’s reserve currency, and there is less room than ever for error on the international stage. Read More ›
Recently, we took a look at the Central Bank of Turkey’s balance sheet, to get an idea of what has been going on, and what to do about the sudden decline in the foreign exchange value of the Turkish lira. Read More ›
Unfortunately, Turkey has a long history of currency failure, so it would be no surprise if the country were to stack up some new failures today. But, it doesn’t have to be that way. In the past, mostly before 1970, the Turkish lira had long stretches of reliability, and perhaps Turkey will aspire to greatness again. Read More ›
As a member of the “supply side” branch of modern classical economics, I might be labeled a “neoliberal economist” by some. But, there are important points at which common “neoliberal” economics fails badly, and which give rise to much-deserved criticism. Read More ›
