Category: Op Ed

Trumping the Federal Debt Without Playing the Default Card

August 21st, 2015
in Op Ed

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default."- Former Fed Chairman Alan Greenspan on Meet the Press, August 2011 more »

Russia and the Arctic: Crunch Call on Moscow's Territory Claim is Fast Approaching

August 20th, 2015
in Op Ed

Tensions have increased a notch in the Arctic with the news that the Russians have started a major military exercise in the region. Nearly 40,000 servicemen, 41 warships and 15 submarines will be taking part in drills to make them combat-ready – a major show of strength in an area more »

Stop the Wishful Thinking: Obama's Feeble Power Plan Still Isn't Clean Enough

August 19th, 2015
in Op Ed

No doubt, you heard the good news. Barack Obama has announced the US is pushing through plans to reduce emissions of greenhouse gases. Rejoice! Rejoice! We’ve got this climate problem licked – hurrah! more »

The Unseen Consequences of Zero-Interest-Rate Policy

August 19th, 2015
in Op Ed

In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences. While the cause of the first effect is easily recognizable, the other effects often occur only later and no such recognition occurs. more »

Dealing with Greek Debt Needs a Radical Rethink – Lessons from Japan

August 19th, 2015
in Op Ed

After weeks of negotiations and months of uncertainty, Greece has agreed to an €86 billion bailout deal with its international creditors. But there are uncertainties about whether its terms are sufficient – particularly the question of debt relief. more »




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