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The elephant in the living room -- How government created the housing bubble -- The great Wall Street bailout -- How government causes the boom-bust business cycle -- Great myths about the great depression -- Money -- What now?
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How to stimulate the economy by credit creation without causing financial instability is the main thrust of this book. In order to accomplish this goal, the author suggests, contrary to the accepted, albeit conventional, academic paradigm, doing away with the Efficient Market Hypothesis and...
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This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
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In October 2008, Iceland's banking system collapsed. Within a week, the three major banks comprising ninety percent of … banks has poisoned relations between Iceland, the United Kingdom, as well as the Netherlands. In total, Iceland could be … dispute fueled a backlash against EU membership in Iceland. The article analyses the legal merits of the British and Dutch …
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