Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations

Fiat currency central banks claim to fight the inflation they cause, and likewise to offset the financial instability and systemic risk they create. The depreciation of the currencies they issue at will often cause falls in foreign exchange value, goods and services inflation, or asset price inflations. Of these, asset…

Read More

The Flight of International Capital A Contemporary History

Originally published in 1987,┬áThe Flight of International Capital┬áprovides a fascinating comprehensive analysis of the history of international money movements. Taking 1931 as the turning point between old-style and modern methods of conducting monetary affairs, the book relates currency shifts and investment trends to political events. He deals with five eras…

Read More