Author Archives: radiofreemarket

This thirty minute interview is part one of a two part series. Part two will be released next week. In this interview I explain how the dollar became the world’s leading reserve currency, what it means to be a reserve currency, how … Continue reading →

Re: Anglo Irish Bank executive appears in court after US extradition Dear Sirs: The failure of Anglo Irish Bank–whatever the reason–did not cause the collapse of other financial institutions. Mr. Boland’s article leads one to view banks as dominoes in which one collapse … Continue reading →

From today’s Open Europe news summary: Further ECB stimulus expected to aid flagging Eurozone economy The European Central Bank is widely expected to announce further stimulus measures to aid the struggling Eurozone economy as it meets in Frankfurt today. Most … Continue reading →

(Philadelphia’s mayor wants to impose a three cent PER OUNCE! tax on sodas.) Re: Mayor Kenney: Soda tax would fund $400 million in projects Dear Sir: Philadelphia Mayor Kenney joins the too-long list of economically ignorant politicians. One begins to … Continue reading →

From today’s Open Europe news summary: Former Bank of England Governor warns Eurozone must break up if some members are ever to prosper again In his new book, former Governor of the Bank of England Lord Mervyn King warns, “Put … Continue reading →

Re: What kind of socialist is Bernie Sanders? by Joseph Betz Dear Sirs: Professor emeritus Joseph Betz thinks that Bernie is a good socialist, similar to the myth of the “good dinosaur“, a movie to which I took my three year … Continue reading →

From today’s Open Europe news summary: Market players warn ECB could run short of sovereign bonds to buy Reuters reports that a number of banks have warned that the ECB may run out of sovereign bonds to buy, particularly if … Continue reading →

Re: US Consumer Prices Flat in January, but Offer Glimmer of Inflation Dear Sirs: This quote from Ms. Davidson’s article perfectly illustrates the fallacy that higher prices are desirable: ”Broad-based price growth is signalling that the wage and price pressures are … Continue reading →

Re: China’s Economy Suffers From Hangover of Producing Too Much Dear Sirs: The focus of this otherwise excellent article should be that China has produced too much of the wrong goods. Easy credit causes disruption in the time structure of production, … Continue reading →

From today’s Open Europe news summary: “German conservative MP Gunther Krichbaum – who chairs the Bundestag’s EU Affairs Committee – has warned that the UK “won’t be able to survive” outside the EU, citing the reintroduction of tariffs on British … Continue reading →