Worldwide economic crisis that effects all major economies is rare. In the past, severe economic crises were usually contained within a country or a region. With the beginning of the financial and economic crisis in the United States and the rapid financial contagion of developed and developing...

What is money really worth any more? This compelling study outlines the rise of 'fiat' money and its associated economic implications. The author provides enough circumstantial evidence to claim a secret War on Gold since the London Gold Pool of the 1960s, highlighting gold's traditional role as...

Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of 1997. And in February 1998, the annual inflation rate at last dipped into the single digits. Privatization should have helped with stronger micro-foundations for growth. The...