Tag: Mercantilism

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

Hendry writes: “We still see the global economy grotesquely distorted by the presence of fixed exchange rates, the unravelling of which is creating financial anarchy, just as it did in the 1920s and 1930s. Back then the relevant fixes were around the gold standard. Today is it the dual fixed pricing regimes of the euro countries and […]