global economics
5 articles
Helicopter Money: Milton Friedman's Thought Experiment Becomes Policy
Milton Friedman's 1969 helicopter drop metaphor became a real policy debate during COVID-19. Examine how helicopter money works, how it differs from QE, and whether it actually stimulates economies.
Modern Monetary Theory: What MMT Gets Right, Wrong, and Controversial
MMT argues that currency-issuing governments cannot go broke and that spending is constrained by inflation, not debt. Examine the theory's core claims, its mainstream critics, and real-world applications.
Negative Interest Rates: Why Central Banks Charged Savers to Hold Money
From 2014 to 2022, central banks in Europe and Japan set negative interest rates. This article explains why they did it, what happened, and why the experiment remains controversial.
The Petrodollar: How Oil Became the Worlds Reserve Currency Anchor
Trace the history of the petrodollar system from the 1974 US-Saudi agreement to its role in dollar hegemony, recycling mechanisms, and modern challenges.
Sovereign Debt Crises: When Countries Cant Pay Their Bills
Explore what happens when nations default on their debt, from the mechanics of sovereign borrowing to historical crises in Argentina, Greece, and beyond.