Thursday, November 17, 2011
James Rickards examines the new currency war we are engaged in, and argues that it is one of the most destructive and feared outcomes in international economics. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. In Currency Wars: The Making of the Next Global Crisis, Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
Tuesday, January 18, 2011
With the arrival of Chinese President Hu Jintao in Washington this week, it's time to catch up with the world's most ascendant superpower. By "catch up," we don't mean economically—although that's a huge cause for concern in America. For now, we'd do well to refresh ourselves, looking at the reasons our relationship with China is tense, how the country has navigated the global economic crisis (and continued to grow), and what's at stake if the two biggest kids in the sandbox can't get along.