Dec 27

Princely Finance and Taxation

One would have hoped that financial rip-offs committed by medieval princes would have been permanently shelved when liberal enlightenment ended…

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Oct 19

Massive Struggle

No doubt policymakers still consider themselves as the powers of light in a financial world that would otherwise be dark…

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Aug 12

The Party’s Over

As the song goes "The party's over--it's time to call it a day" The ChartWorks "Buy-Buy Bonds" was nicely timed…

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Jun 30

Sovereign Debt Follies

Another episode of sovereign defaults seems to be well under way, which prompts the question about just how bad can…

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May 19

Riots, Revolutions and Great Reformations

Forgive me, but I have to start with an illustrative joke from the early 1950s. A beatnik is standing at…

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