Is there room for more than one international currency? | vox
"there is room for more than one international currency as means of payment even for a good as homogenous as oil. They suggest that network increasing returns are not as strong as sometimes supposed, that first-mover advantage is not everything, and that incumbency is no guarantee of continued dominance. They, therefore, suggest that a shift from the current dollar-based system to a multipolar system is not impossible."
Jeremy Grantham tells Barron’s stocks are overpriced, but don’t call it a bubble - The Tell - MarketWatch
Low-Wage Workers Finding It’s Easier to Fall Into Poverty, and Harder to Get Out - NYTimes.com
People Think We're in a Recession. Don't Blame Them. - NYTimes.com
How America’s ...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.