Please Change Your Feed URL and Bookmarks

Econintersect has changed the feed URL tohttp://feeds.feedburner.com/GlobalEconomicIntersection. Please bookmark and visit our new analysis blog at http://econintersect.com/a/blogs/blog1.php. Here is what we posted today in analysis: Analysis Blog February 2014 Pending Home Sales Data Again Bad Third Estimate 4Q2013 GDP Revised to 2.6%

Please Change Your Feed URL and Bookmarks

Econintersect has changed the feed URL tohttp://feeds.feedburner.com/GlobalEconomicIntersection. Please bookmark and visit our new analysis blog at http://econintersect.com/a/blogs/blog1.php. Here is what we posted today in analysis: Analysis Blog Durable Goods Mixed in February 2014 Eccles, Conant, Foster, Hobson and Mandeville for the 21st Century EU’s Latest Nail In Its Own Coffin

What Caused the Recession of 1937-38?

by Douglas Irwin, Dartmouth College This article was first posted at Voxeu.org 11 September 2011. The swift policy response to the recent financial crisis helped the world economy avoid a replay of the Great Depression of 1929-32. But can we avoid a replay of 1937-38? With the world economy weakening once again, this column addresses …

Come Back to Gold

by Ludwig von Mises, Ludwig von Mises Institute [Excerpted from chapter 11 of Omnipotent Government by Ludwig von Mises.] The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free trade and of the international division of labor. Therefore those who favored etatism and radical …

China, Gold, and the Fiat Currencies

Conventional wisdom says the continuing Chinese trade surplus should cause the Renminbi (aka RMB, Yuan, or CNY) to rise or float to a higher level.  This logic would appear to be true if you sold the dollars and bought RMB.  Foreign exchange follows the laws of supply and demand – the more dollars you flood …