Mercantilism Archive

Bernanke testimony

Mercantilism is alive and well Most telling statement when asked about what he wanted for the economy- moderate domestic consumption, more investment, and more exports to eliminate the trade deficit. (I’m looking for the transcript now to get the exact quotes.) This fits with the policy of a lower interest rates, lower ...Read More

A Rescue Plan for the Dollar

A Rescue Plan for the Dollar By Ronald McKinnon and Steve H. Hanke The Wall Street Journal, December 27, 2007 Central banks ended the year with a spectacular injection of liquidity to lubricate the economy. On Dec. 18, the European Central Bank alone pumped $502 billion — 130% of Switzerland’s annual GDP ...Read More