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How the Economic Machine Works—In Thirty Minutes (www.economicprinciples.org).
Tony Robbins • MONEY Master the Game: 7 Simple Steps to Financial Freedom
If the lessons of Argentina's crisis lead to substantial revisions in the rules of global finance, the suffering of the Argentine people will not have been entirely in vain. Timidity and inaction by the international community, on the other hand, would add insult to the Argentines' injury. That, of course, is the least important of many good reason
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
The dollar is too strong — and it’s killing American competitiveness.
Why?
• Global demand for short-term U.S. debt
• Reserve currency distortion
• Weaponized dollar system
• Hollowed-out industry
Solution? Reset the game.
Paul Guerra • Tweet
fiat money even really is: It is a fungible pan-bank liability.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Currently, Eurozone members have chosen the first option (a) after the introduction of the euro. By contrast, Harvard economist Dani Rodrik advocates the use of the third option (c) in his book The Globalization Paradox , emphasising that world GDP grew fastest during the Bretton Woods era when capital controls were accepted in mainstream economics
... See morewikipedia.org • Impossible trinity
During the Asian financial crisis, the IMF would be accused—with considerable justification—of pushing countries such as Thailand and Korea too far in the direction of budgetary austerity, driving economies that were already headed for trouble even deeper into recessions. Paradoxically, in the case of Argentina, its pride and joy, the Fund's pushin
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
If we go into a downturn, we hope central banks will be wise enough not to monetize government debt in any fiscal crisis. Sadly, they probably will.
Jonathan Tepper • Endgame: The End of the Debt SuperCycle and How It Changes Everything
JAMIE DIMON Chairman and CEO, JPMorgan Chase & Co.