Word: inflationitis
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It's harder to understand why this should be. Currencies rise and fall over time because countries really do get richer and poorer. Dig something valuable up from under the ground, or devise products or services that people value, and your money will be worth more. Let your industries fall...
But the very prosperity that Bretton Woods enabled was its undoing. As Germany and France returned to the ranks of major economic powers, and Japan began its climb to get there, the exchange rates set up after the war and adjusted only slightly afterward made no sense anymore. Attempts to...
That description could also fit Fernàndez and her husband Néstor Kirchner. Both cut their political teeth not amid the upper crust of Buenos Aires but in his home province of Santa Cruz, in the country's Patagonian south. When they moved to the capital, she was already...
With year-over-year inflation running at 2.4 percent from July 2006 to July 2007, Harvard’s donations represented a 0.8 percent increase in real terms.
“I’m not a fan of the system,” Sonny Vaccaro said to me following his speech at Harvard Law School.This, coming from the man who had spent much of the last hour and a half, as well as the last four decades...