In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
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After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.
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A minimum wage leads to higher levels of unemployment.
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Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day.
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The IMF is set up to deal with liquidity crises.
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Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?
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Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries.
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Following its recognition as a state in 1832, Greece spent most of the remainder of the 19th century under the control of creditors. The pattern started with a default in 1832. In consequence, Greece's finances were put under French administration.
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When Ronald Reagan was elected president for his first term in 1980, he received strong support from the so-called Sagebrush Rebels. The Rebels wanted lands owned by the federal government to be transferred to state governments.