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Olduvai III: Catacylsm
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Behind the Scenes at the Central Banks that Created our Modern Monetary System

Behind the Scenes at the Central Banks that Created our Modern Monetary System [From the Summer 2018 Quarterly Journal of Austrian Economics. A review of How Global Currencies Work: Past, Present, and Future by Barry Eichengreen, Arnaud Mehl, and Livia Chitu, Princeton, N.J.: Princeton University Press, 2018, 250 pp.] The present volume is an engaging […]

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The Demise of Dollar Diplomacy?

THE DEMISE OF DOLLAR DIPLOMACY? Pundits have been saying last rites for the dollar’s global dominance since the 1960s – that is, for more than half a century now. But the pundits may finally be right, because the greenback’s dominance has been sustained by geopolitical alliances that are now fraying badly. WASHINGTON, DC – Mark […]

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The Brexit Alarm

The Brexit Alarm BERKELEY – I have no special expertise on the question of whether Britain should leave (or “Brexit”) the European Union. True, I did live in the United Kingdom until a bit less than a year ago. And here in California, we have our own Brexit-like debate, with a movement to place a […]

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Confronting the Fiscal Bogeyman

Confronting the Fiscal Bogeyman BERKELEY – The world economy is visibly sinking, and the policymakers who are supposed to be its stewards are tying themselves in knots. Or so suggest the results of the G-20 summit held in Shanghai at the end of last month. The International Monetary Fund, having just downgraded its forecast for global growth, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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