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Olduvai III: Catacylsm
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Were Trade Wars Inevitable?

Were Trade Wars Inevitable? Trade in which mobile capital is the comparative advantage is a system of Neocolonial exploitation of developing-world nations. Were trade wars inevitable? The answer is yes, due to the imbalances and distortions generated by financialization and central bank stimulus. Gordon Long and I peel the trade-war onion in a new video […]

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Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters

Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters Papering over the structural imbalances in the Eurozone with bailouts or bail-ins will not resolve the fundamental asymmetries in trade. Beneath the endless twists and turns of Greece’s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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