A giant that shrinks when coming closer -- that's what Victor Shih sees when looking at China's three trillion dollars of foreign exchange reserves. Shih is Assistant Professor of Political Science at Northwestern University, and he tells us how China could run out of reserves pretty quickly in the event of a crisis. Click here to watch the videoRead more
What do nearly all governments have in common these days? They all are struggling to reduce fiscal deficits. Clearly, they are not listening to the advice from Mario Seccareccia, who says: Fiscal deficits? That's what we should be aiming for. Read more
If the countries in the European periphery defaulted on their debt, the euro as a common currency breaks down. This contention is used as an argument for bailouts and rescue packages, and Carl-Ludwig Holtfrerich says it’s wrong. Click here to watch the video interviewRead more
The world economy is depleting the earth’s natural resources, and economists cling to models that make no reference whatsoever to the biophysical basis that underpins the economy. That’s why ecological economics is needed, says William Rees in this INET interview.Read more
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