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Entries by Mark Weisbrot from 05/2010

Venezuela Is Not Greece

| Posted 05.07.2010 | Business

Unlike Greece, Venezuela controls its own foreign exchange, monetary, and fiscal policies. It can use expansionary fiscal and monetary policy to stimulate the economy, and also exchange rate policy by letting the currency float.

How Do You Spell "Success"? A Look at "Internal Devaluation" in Greece, Latvia, and Argentina

| Posted 05.19.2010 | World

Before making a commitment to indefinite recession and slow recovery, which will include many years of high unemployment and other social costs, Greece may want to consider the alternatives.

A "New World Order" is Possible -- And Needed

| Posted 05.25.2010 | World

Brazil and Turkey's efforts to find a solution to the standoff over Iran's nuclear program, which generated a negotiated agreement with Iran last week, must be seen in the context of a growing challenge to the international political order.

Eurozone Crisis is Self-Inflicted, with Help from Financial Markets

| Posted 05.26.2010 | World

The current turmoil in financial markets around the world is another illustration of the damage that can be done by a bloated and politically powerful...