The Global Economy Has Become Heavily Addicted to Bernanke’s Dollars
But since the Fed will inevitably scale back, sooner or later the world is going to have to think about quitting the habit
Articles from Contributor
The World Waits for Bernanke’s Big Decision, and Worries
Ending Fed stimulus could drag down the entire global economy
Voters Won’t Like It, but We Have to Bring Back Free Trade
Persistent joblessness and tepid growth are persuading policymakers to lower the barriers once again
The Real Reason to Worry About China
The world is worried about China, but not for the right reasons. Global financial markets were roiled after the world’s second largest economy notched only a 7.7% boost to GDP in the first quarter — a drool-worthy performance …
A Yen for Cash: How the Bank of Japan Could Threaten the Global Economy
Japan has been an experiment in economics ever since its crushing defeat at the end of World War II. First, Tokyo employed inventive techniques to rebuild its economy and wealth — the export-led, state-directed system in which …
Marx’s Revenge: How Class Struggle Is Shaping the World
With workers around the world burdened by joblessness and stagnant incomes, Marx’s critique that capitalism is inherently unjust and self-destructive cannot be so easily dismissed
Can China Escape the Middle-Income Trap?
It’s easier to jump from a very poor country to a middle-income nation than it is to advance from that middle-income status to the ranks of the truly developed. China must make the leap
Viewpoint: Why Capping Bankers’ Pay Is a Bad Idea
Why the proposed limits on banker pay being considered by the European Union are a misguided – if not dangerous – intrusion of government into the affairs of private companies.
Italy’s Political Mess: Why the Euro Debt Crisis Never Ended
Updated: Feb. 26, 2013 at 11:45 a.m. EST
Over the last few months, Europe seemed to be proving its doubters wrong. Thanks to a timely intervention by European Central Bank President Mario Draghi in mid-2012, yields on Spanish …
Is Asia Heading for a Debt Crisis?
Amid worries of Asia’s rising debt, an HSBC study notes that, based on ratios of bank credit to GDP for the region, “leverage is now higher than at the peak before the Asian crisis in 1997”
The Great Central-Banking Experiment: Will Unlimited Cash Solve Problems or Cause Them?
The Bank of Japan folded as easily as a hot slice of New York pizza. After a few weeks of pounding by newly installed Prime Minister Shinzo Abe, the BOJ’s (officially independent) managers capitulated on Jan. 22 to his demands …
Will Japan’s New Prime Minister Start a Debt Crisis?
History tells us that Abe’s archaic slate of policies won’t solve what ails Japan