Any Takers in Greece?

I am rushing this week so I won’t have time for long and analytical pieces (no doubt to the joy of many ), but I would be remiss if I did not point out this one for my readers which highlights the predicament Greece currently finds itself in even if a private bid . . . → Read More: Any Takers in Greece?

Exchange Rate Regime of Systemically Important Countries

Many people believe that the exchange rate regime (i.e. the monetary policy regime) of each country is its own sovereign choice.

In the Great Depression, we saw the harmful effects of the exchange rate mercantalism that is feasible with fiat money. This was a key motivation for Keynes and others in their design of . . . → Read More: Exchange Rate Regime of Systemically Important Countries

Investment in Good Works Nets $2.4M Offering

A 48-hour New Year’s eve free-will offering netted a Southern California mega-church $2.4M to close their books on 2009.

Pastor Rick Warren of Saddleback Church posted his URGENT LETTER on the church website on Wednesday and by close of business Thursday church members had stepped up to close their critical budget deficit of $900,000.

. . . → Read More: Investment in Good Works Nets $2.4M Offering