Why Marx was both right and wrong
Note: This article does not include any "capitalism is good/communism is bad" aphorisms and it is not intended for any political discussions. What follows is merely an economic exposition.When the name...
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Does Supply Create Its Own Demand?
Many a policy during recent years have been aimed at making things easier for producers. The rationale has been that if producers can create more goods (or make the same goods with less money) then...
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A Marriage Made in Hell: Housing and Foreign Demand
In the past couple of years we have seen a surge in the effort to obtain demand from abroad. Current Account negative balances, have provoked many discussions, since in a currency union, in order not...
View ArticleComments on the PIMCO report for Cyprus
Since the PIMCO report on the Banking System of Cyprus became public information, I've actually noticed much less comments regarding it than when it was still considered confidential. The reason might...
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Two-Handed Economists
"A sign of a good economist is he or she always has two hands" says John Cochrane. Truth is, there is more to that statements than commonly thought and it is one of the things most forgotten in the...
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Is Europe catching up to the US in MLM/Pyramid schemes?
Today I am happy to host a prominent figure in the anti-pyramid scheme movement, Rogier Fentener van Vlissingen. In the text which follows, Rogier gives both a novice introduction as well as a deeper...
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