• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

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Wed, 09/14/2011 - 03:18 | 1666938 chinawholesaler
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Tue, 08/30/2011 - 07:51 | 1614202 Zero Govt
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Is there any good news out there today?

..you could slash your wrists reading this lot ...that reminds me, where is Jean-Claude Trichet? ..said he was going to the bathroom to "stop contagion" but "maybe some time!"

Tue, 08/30/2011 - 08:49 | 1614340 GoldBricker
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Maybe he'll write some nasty words about Merkel on the wall while he's there.

But seriously, 'contagion' was always a dishonest metaphor; it implies that loss of sovereign-bond marketability is like an infectious disease that anyone can catch. In fact, it's more like those diseases that you catch with risky, but pleasurable, behavior, like consuming more than you produce for decades on end.

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