Análisis de noticias económicas y financieras, ofreciendo información actualizada –
The international monetary system is often criticized for relying more on the use of currencies (dollars and pounds) than on gold to settle payments. France even announced, in early February 1965, that it would no longer acce…
On the eve of the First World War, the United States was eager to free itself from British tutelage in international financial operations. Despite its economic power, the United States lacked the ability to challenge British …
Unlike the pure and simple gold standard, bimetallism was based on both gold and silver. Gold and silver coins were freely minted and had unlimited legal tender power. In both systems there was a fixed legal relationship betw…
From a social standpoint, the New Deal was beneficial in its humanitarian intent. Aid to the unemployed, by defending purchasing power, could only contribute to maintaining economic activity. Social and economic objectives we…
Conjunctural factors were particularly unfavorable, since the stock-market crash—whose exceptional масштаb we have already described—was the primary cause of the deepening of the depression. The collapse of the house of cards…
Once the causes of the crisis and the depression have been analyzed, the essential features of the national policies pursued in several countries between 1930 and 1938 can be set out. The United States and Great Britain would…
It is when funds are abundant, when profits seem ready to be harvested, and when everyone feels the urgent desire to get ahead of his neighbor, that major frauds have almost always been committed, generally when the market is…
Speculation disconnected from economic activity—that is, from production levels and profits—contains within itself the seeds of its own destruction. Experience in this field is consistent. But one must then ask about the caus…
The main purpose of the N.I.R.A. is to reactivate economic activity under certain rules of the game characteristic of a competitive regime. The government will not finance public works exceeding a maximum value of 3.3 billion…
Many disputes have arisen among economists regarding the exclusive—or nearly exclusive—use of one of the two great methodological approaches: induction and deduction. Such exclusivism has often led to exaggerated, flawed, or …
