The shutdown is over; the U.S. dollar remains the world’s reserve currency. But for how much longer? At what point will foreign creditors and the markets at large begin rethinking their asset allocation, and moving slowly away …
The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition to national currencies, …
That dubious distinction now belongs to the rupiah
It’s been in the air for a few weeks now, but yesterday the Bank of England confirmed it: Beginning in 2017 it will issue 10-pound notes featuring the image of Jane Austen.
This is—as almost everybody agrees—a really …
By trying to compensate for poor fiscal policies, the Fed is making it easier for the President and Congress to evade their responsibilities.
Instead of struggling to keep the euro zone together, default may be less painful in the long run for the people of overindebted countries
Online currencies like the Bitcoin are one day likely to alter government policy, just as the bond market did in the 1990s
A stronger dollar could be a bellwether of an improving economy and a brighter outlook for U.S. stocks.
Many of the costs faced by typical American households are rising faster than the official inflation statistics indicate.
Economic policies that look like the start of a trade war are really aimed at addressing domestic economic problems.