Posts with Keyword “exorbitant-privilege”

China has a unique opportunity to deflate its real estate bubble under the cover of the collapse of a mismanaged, greedy company. It would be a gigantic mistake that would lead to tragic consequences if China were to bail out this company.

US's exorbitant privilege is a factor in the fall of the Soviet Union often overlooked. In this article, I discuss how money printing by the USA led to the c...