iOS app Android app

Currency Devaluation

Nigeria's Floating (Read: Sinking) Naira

Steve H. Hanke | Posted 06.22.2016 | World
Steve H. Hanke

On Monday afternoon, the Central Bank of Nigeria (CBN) ended the Nigerian naira's sixteen-month peg to the U.S. dollar, sending the naira into a freef...

China's Currency Manipulation Should Serve As A Warning About TPP

James P. Hoffa | Posted 08.17.2015 | Business
James P. Hoffa

At a time when income inequality is running rampant in the U.S., workers don't need even more "free" trade agreements that will further strip this nation's economy of middle-income jobs.

China Devaluation Is Good News

Sara Zervos | Posted 08.11.2015 | World
Sara Zervos

Germany, Asian countries and commodity producers have already been selling less to China because of its economic slowdown; now they could sell less because their exported goods look more expensive as the Chinese yuan goes down.

The Dangers of Devaluation

Dr. Ichak Kalderon Adizes | Posted 06.01.2015 | World
Dr. Ichak Kalderon Adizes

One of the countries I am involved with has been hit badly by the drop in the price of oil. Government revenue has been significantly reduced given that the government owns the oil companies. What effect has all this had on the nation?

Honduras: Beware of Neoliberal Economic Growth Strategies

Marco Cáceres | Posted 11.03.2014 | World
Marco Cáceres

Despite all the talk of free trade on the part by advocates of neoliberalism, the fact is that free trade has never existed because of the widespread and huge government subsidies.

What Currency Devaluation in Argentina Means for Wine

Daniel Altman | Posted 04.03.2014 | Taste
Daniel Altman

The big news from Argentina this week is that the central bank has allowed the peso's currency to fall against the dollar. This is a watershed moment ...

The Emerging Markets' Summer Meltdown: Is It Ben Bernanke's Fault This Time?

Bhaskar Chakravorti | Posted 11.09.2013 | Business
Bhaskar Chakravorti

How are the trials and tribulations of the rupee, the Brazilian real, the Turkish lira, the South African rand and the Indonesian rupiah connected?

Stiglitz To Obama: The Fed's Latest Move Will Hurt Other Nations

WSJ | Alex Frangos | Posted 05.25.2011 | Business

Nobel Prize-winning economist Joseph Stiglitz, dismissing the Federal Reserve's quantitative easing as a "beggar-thy-neighbor" strategy of currency de...

G20 Leaders Must Renew Their Commitment to Global Development

Kofi Annan | Posted 05.25.2011 | World
Kofi Annan

It is my profound hope that the principles of fairness, balance and the common good which have become so popular with G20 leaders lately will inform today's summit in South Korea. Unfortunately, the signs are decidedly mixed.

Dan Froomkin

Job-Creation Idea No. 10: A Lower Dollar Would Level The Playing Field | Dan Froomkin | Posted 05.25.2011 | Business

(No. 10 in Huffington Post's America Needs Jobs series.) With the Federal Reserve indicating that it's ready to print more money to keep interest rat...

Been Down So Long ...

Robert Zevin | Posted 05.25.2011 | Business
Robert Zevin

The purchasing power of the U.S. median family income has barely increased since 1973.

Obama's Biggest Giveaway to Wall Street -- Chinese Currency

Mike Elk | Posted 05.25.2011 | Politics
Mike Elk

Jim O'Neil, the chief economist of Goldman Sachs penned an op-ed in the Financial Times last week claiming that China wasn't manipulating their currency. How can this be possible?

Bring Back the Drachma

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

It took two tries, but I finally got past the ash cloud and made it to Lisbon to promote the Portuguese edition of my book (Porque E Que o Seu Mundo V...

Here Comes the Screw Job

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

The proposed reform involves rolling people's 401(k) savings into directed distribution plans unless they elect not to participate. This probably sounds like a reasonable idea until you dig beneath the surface.