Negative interest rates have a pernicious effect on human beings. They corrode the structures of society, culture and people’s mindsets, triggering widespread resignation and even nihilism.
We now witness the marks of the inverted universe of ultra-loose monetary policy and lax central banking.
Don’t blame the French for seeking to pursue French interests and see to it that the French economic model prevails in Europe. But Berlin acts imprudently by accommodating that desire.
The Federal Reserve going about the process of tightening in the wrong way could have severe global repercussions.
The need for action is clear, but count on it being “papered over.” Reflections on the G20 Hangzhou Summit.
Janet Yellen should be more assertive on interest rates.
By raising real wages, Germany has launched itself into a new period of growth.
How do we get a U.S. Fed that works for Main Street, not Wall Street?
Danes, Swiss and British may ultimately join the euro.
Were these two touchstones of economic thought really so different?