Banking Commentary

European Elections and the Debt Debacle

Saving Europe from the debt crisis will require overhauling the ECB and the euro zone.

The Next Global Collapse

The lessons we should have learned from the recent economic meltdown.

Financing Terror

A spotty record of inconsistent enforcement and few successes raises the question: Are laws targeting terrorists' bank accounts worthwhile?

The Collapse of the Fiat System

All fiat currencies eventually go to zero value, and usually they do it in less than forty years. We now are in year forty-one.

Overhauling the Central Banks

Inflation targeting helped cause—and intensify—the global financial crisis. What we can do about it.

Sanctions Against Iran Are Overrated

Recent statements by Iranian officials are designed to mislead. Sanctions will not make them change their ways.

The Erosion of the EU

First came the economic troubles. Now the European Union also faces crises of policy, unity and democratic legitimacy

How the U.S. Will Pay for the Euro Crisis

Secretary Geithner is in Europe. He should be convincing Congress to act on the euro zone crisis before it's too late.

Greece's Default Dilemma

Why an Argentine-style default could destroy Greece.

Five Great Misconceptions about the Euro Crisis

Americans are in denial. Europe's crisis is bigger and more far-reaching than Washington will admit.

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May 26, 2012